09 April 2018
Alibaba Group has spent $9.5bn, acquiring the remaining shares in Ele.me, a food delivery platform in China.
Focusing on last mile delivery
Ele.me, which means ‘hungry yet?’ enables people to order food online and have their orders delivered in around 30 minutes by its delivery service, Fengniao Delivery. The service, which operates across China, has a fleet of 3 million delivery people on ...