BackSociety » Tech » Online Ticketing Company TicketBox Acquired by E-Commerce Firm Tiki

Online Ticketing Company TicketBox Acquired by E-Commerce Firm Tiki

The deal is part of Tiki’s strategy to complete an “all-in-one” ecosystem and marks its entrance into the entertainment sector.

On August 20, Vietnamese e-commerce company Tiki officially acquired popular online tick platform Ticketbox through its subsidiary, Tiki Investment, Thanh Nien reports. The deal marks Tiki’s first acquisition since its establishment in 2010.

According to Tiki representatives, Ticketbox will still function independently under the same name, while Tiki will support Ticketbox with financial and human resources. Integration between the two platforms is expected to roll out in the near future.

“Along with the financial investment, Tiki also utilizes our existing assets, such as technology, manpower, processes, etc., for TicketBox to not only better serve Vietnamese audience[s], but also promote the national entertainment industry,” said Tiki CEO Tran Ngoc Thai Son.

The acquisition also acts as a complement to Tiki’s newly established venture of supporting 100 Vietnamese music videos in 2019. 

Ticketbox claims that by November 2019, they will establish a movie ticket service, and by January 2020, the number of events listed on the site will increase to 5,000. 

“Ticketbox is investing in big data and machine learning in order for event organizers and producers to have a deeper understanding of their audience’s interests, then create more proper content with the most efficient cost,” said Nguyen Hoang Viet, chief technology officer of TicketBox.

[Photo via Tuoi Tre]

Related Articles:

500 Startups' Investor Trek Highlights Vietnam's Robust Tech Scene

How to Juggle Newfound Attention as an Introvert and One of Forbes' 30 Under 30

Vietnamese Lifestyle Startup WeFit Secures $1m in Funding

Related Articles

in Tech

$189m Plan to Give 300,000 HCMC Students Tablets Draws Criticism

Last week the HCMC Department of Education proposed a plan to equip 300,000 primary students with tablets for the coming school year, reports Thanh Nien. With a pricetag of VND3 million – VND 5 m...

in Tech

'Flappy Bird' Creator To Release New Game Tomorrow

Well, Nguyen Ha Dong, the Vietnamese app developer who at one point was pulling in $55,000 per day, is officially back in the spotlight. After releasing a new version of ‘Flappy Bird’ earlier this mon...

in Tech

'Thirsty' Concrete Drinks Rainwater, Eliminates Flooding

Concrete isn't exactly a sexy topic. Even though we drive on it and build things with it, the average person seldom gives the gray stuff a second thought.

in Tech

3 Vietnamese Make “World's Most Influential Scientific Minds” List

3 Vietnamese scientists: Dam Thanh Son, Nguyen Son Binh and Nguyen Xuan Hung, have made Thomson Reuters’ list of the World’s Most Influential Scientific Minds.

in Tech

40 Years Later, Vietnam Begins Identifying Its War Dead

Martyr cemeteries are a common occurrence across Vietnam. In countless communes in every province, modest gravestones mark the resting places of Vietnam's fallen soldiers in neat, orderly rows. T...

in Tech

42m Vietnamese Use Facebook Daily, Among Highest Rates in Southeast Asia

Amongst its many existing users, companies and government entities are increasingly turning to the platform.