Alibaba Group-owned food delivery platform Ele.me will invest “billions” of yuan to further expand into the food delivery business in China, according to a company statement.…
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Alibaba to lead $1b round into Chinese food delivery startup
Alibaba and its finance affiliate, Ant Financial, are in talks to lead a round of at least US$1 billion into Ele.me, one of China’s leading food delivery startups, according to anonymous sources that …