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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Store Tracker Extra, May 2025: Rite Aid Takes Total Closed Retail Space to Over 110 Million Square FeetThree Data Points We’re Watching: Will Stock Market Volatility Impact US Consumer Spending?High-Tech Retailing—Four Technologies That Retailers Can Use to Enchant Consumers: Insights from the Retail Track at CES 2025Weekly US Store Openings and Closures Tracker 2025, Week 21: US Store Closure Cross 5,000 as Rite Aid Begins Closing Stores
