Alibaba is acquiring Ele.me in a deal that values the food delivery startup at $9.5 B

Chinese e-commerce, retail, Internet, AI and technology conglomerate Alibaba announced earlier today that it would buy out the outstanding shares of Ele.me, a Chinese food delivery service startup, in a deal that pegs the value of Ele.me at $9.5 billion. Alibaba and its affiliate Ant Small and Micro …
Read more: Alibaba is acquiring Ele.me in a deal that values the food delivery startup at .5 B

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