E-commerce major Tiki acquires Ticketbox.

Vietnam-based marketplace operator Tiki has acquired event and cinema ticket portal Ticketbox in a move to become an ‘all-in-one’ e-commerce platform. Financial terms were not disclosed. The deal also marks Tiki’s next step in the entertainment business it has recently ventured into. It has set up a fund to support 100 music videos by local artists in 2019, and Ticketbox will be the platform to help artists and event organizers more easily approach their audience. “Along with the financial investment, Tiki also utilises our existing assets (to support) Ticketbox to not only better serve Vietnamese audience but also promote the national entertainment industry”, Tran Ngoc Thai Son, Tiki founder-cum-chairman.