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Alibaba Pictures may pick majority stake in TicketNew for $35 mn

Monday, January 9, 2017 | More »

Alibaba Pictures, the entertainment unit of e-commerce major Alibaba Group Holding Ltd, may buy Chennai-based Orbgen Technologies Pvt Ltd, which runs online events booking portal TicketNew. The deal is likely to be around $35 million and will see Alibaba Pictures pick 70-75% equity stake, a report i...