Chinesee-commercegiantAlibabaGroupHoldingLtdsaidonMondayitwouldbuytheremainingsharesofEle.me,amajorplatforminChina'sfooddeliverymarket,asitcompeteswithTencentHo
TheduelbetweenChina'sbusinessconglomeratesAlibabaandTencentwillmovetoonlinefoodorderingservices.OnMonday,Alibabaanditsfinancialarm,AntFinancial,signedanagreemen
Chinesee-commercegiantAlibabawillbuyouttheremainingsharesoffooddeliveryplatformEle.me,atransactionthatwillgivetherestauranttakeoutandlocalservicesappa9.5billion
Chinesee-commercegiantAlibabaGroupHoldingLtdisintalkstobuythefooddeliveryplatformEle.mebutnodealisyetinplace,astakeholderinEle.mesaidinafilingonTuesday.BeijingH
Alibaba’s2018investmentspreelookssettocontinueafteritmadeapushtobuyEle.me,thefooddeliverystartupfromChinathatithasinvestedin,infull.Bloombergreportedyesterdayth
Alibaba-backedChinesefooddeliveryfirmEle.mewilltakeoverthefooddeliveryunitofsearchenginegiantBaiduinadealthatcouldbeworthupto$800million,thefirmandareportsaidTh
Alibaba also signed an agreement under which its own online food-services platform will cooperate with Ele.me
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