Alibaba and its financial affiliate are placing a $1.25 billion bet on Chinese food-delivery app Ele.me, further fueling the battle to deliver offline services to Chinese consumers through mobile phones.
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Wednesday, April 13, 2016
Tech
Alibaba, Ant Financial to Jointly Invest $1.25 Billion in Ele.me
Alibaba, Ant Financial to Jointly Invest $1.25 Billion in Ele.me
Alibaba and its financial affiliate are placing a $1.25 billion bet on Chinese food-delivery app Ele.me, further fueling the battle to deliver offline services to Chinese consumers through mobile phones.
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Alibaba and its financial affiliate are placing a $1.25 billion bet on Chinese food-delivery app Ele.me, further fueling the battle to deliver offline services to Chinese consumers through mobile phones.
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