Friday, December 25, 2015

Alibaba to pump US$1.25 billion in Chinese online food delivery service Ele.me

Alibaba will hold a 27.7 per cent stake in Ele.me, becoming the majority stakeholder Alibaba Group Holding Ltd has agreed to invest US$1.25 billion in Chinese online food delivery service Ele.me, Chinese business and finance media publication, Caixin, reported today. The agreement, reportedly inked about a week ago on 17 December, will see Alibaba become...
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