CNNMoney |
Alibaba is pouring billions into the food delivery business
CNNMoney China's biggest e-commerce company said Monday that it will buy all the outstanding shares it doesn't already hold in Ele.me, a startup whose Chinese name roughly translates to "Hungry?" Alibaba (BABA) and one of its affiliates already own 43% of Ele ... Alibaba is acquiring Ele.me in a deal that values the food delivery startup at $9.5 B Alibaba buys delivery startup Ele.me in US$9.5bil deal Alibaba Group Holding Ltd Stock Is Ready to Hit New Highs |
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