Alibaba Buys Delivery Startup Ele.me in $9.5 Billion Deal – Bloomberg

BloombergBaidu had ceded control of its own food-delivery unit to Ele.me last year as the startup and Meituan became the two biggest competitors in China’s online food-delivery market. Zhang Xuhao, Ele.me’s founder, will become chairman of the company, while …Alibaba buys delivery startup Ele.me in US$9.5bil dealThe Star Online all 20 news articles …read more […]

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