Flash Report 4 minutesRegister for Free AccessAlibaba 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? Register for a free user account. This document was generated for Other research you may be interested in: Bed Bath & Beyond: Which Retailers Are Set To Capture Market Share?Rite Aid Bankruptcy: What Does It Mean for Rivals?Analyst Corner—A Budget for Retail? Reviewing the UK’s 2024 Finance Update with John MercerThe Coresight Research CORE Framework for Generative AI in Retail