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...
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...
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...
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....
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...
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...
In a possible deal to strengthen its delivery network in China, Alibaba reported plans to buy out Baidu and other investors in food delivery startup...
In a saturated eCommerce market, Chinese eCommerce giant Alibaba and its biggest competitor, Tencent Holdings Limited, have their eyes on diversification, and Alibaba is losing...
Alibaba, China’s largest eCommerce company, and Ant Financial, its financial services arm, are gearing up to invest $1 billion or more in Ele.me, the Chinese...