Alibaba and SoftBank have invested $3 billion into Ele.me, the food delivery company that is owned by Alibaba. According to a report in CNBC, Ele.me also merged with Koubei, with the combined company getting the funding. “As a result of this reorganization, subject to closing...
Talk about interesting delivery mashups: Starbucks and Alibaba partner to enable the delivery of Starbucks products to Chinese consumers as part of a deal that includes such Alibaba properties as Taobao, Alipay, Tmall, Hema and Ele.me. The deal, announced earlier this week, is not just...
Ele.me, the food delivery platform acquired by Alibaba Group, is looking for $2 billion in new financing to help it take on rival Meituan Dianping. According to Bloomberg, Ele.me wants to expand a business that’s burning enormous amounts of cash, according to anonymous sources. It...
As China’s local-delivery market grows at a rapid pace, with more people turning to their smartphones to order food, Ele.me has been cleared to deliver orders in a Shanghai industrial park by drone. However, the system won’t bring meals to their final destinations — only to...
November 08, 2018
Alibaba, the Chinese eCommerce giant, is having success with its newly-created on-demand online services unit — it raised $4 billion in funding, giving it a valuation of as high as $30 billion. Reuters, citing people with knowledge of the situation, reported the unit — which is a combination of Ele.me, the food delivery service, and […]
August 24, 2018
Alibaba and SoftBank have invested $3 billion into Ele.me, the food delivery company that is owned by Alibaba. According to a report in CNBC, Ele.me also merged with Koubei, with...
July 17, 2018
Ele.me, the food delivery platform acquired by Alibaba Group, is looking for $2 billion in new financing to help it take on rival Meituan Dianping. According to Bloomberg, Ele.me wants...
April 03, 2018
Alibaba is in the process of acquiring food-delivery startup Ele.me for $9.5 billion. According to Fortune, the deal is part of Alibaba’s efforts to expand into China’s local-delivery market, which...
