Flash ReportAlibaba Takes Control of Food Delivery Startup Ele.me Coresight Research April 5, 2018 Executive Summary Alibaba announced on April 2 that it will acquire Shanghai-based online delivery and local services platform Ele.me in a transaction that values the company at US$9.5 billion. Alibaba will integrate Ele.me into its existing infrastructure to bring new synergies and add further momentum to its New Retail initiative. The acquisition of Ele.me will allow the company to leverage Alibaba’s resources to compete with Meituan Dianping, its major rival in the online food delivery market. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Online Grocery Survey 2025: Full-Basket Orders Increase as Delivery Retains Its DominanceUS Retail Sales Outlook—Preview: Latest Retail Projections in the Absence of Government DataAnalyst Corner: US Mass Merchandisers, Warehouse Clubs and Discount Stores—Target in Transition as Dollar Stores and Clubs Surge Ahead, With Sujeet NaikUS CPG Sales Tracker: In-Store CPG Sales Fall While Beauty Remains Resilient
