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: Fewer Consumers Report Inflation-Induced Shopping Changes: US Consumer Survey InsightsDay One at NRF 2023: Retail’s Big Show—Personalization Drives Retail Relevance at Every Consumer Touchpoint2023 US Tax Tracker #3: IRS Issues $199 Billion in Refunds, Average Refund Declines by 9%Weekly US and UK Store Openings and Closures Tracker 2024, Week 47: Big Lots Announces Even More Store Closures
