Alibaba’s 2018 investment spree looks set to continue after it made a push to buy Ele.me, the food delivery startup from China that it has invested in, in full.
Bloomberg reported yesterday that Alibaba plans to purchase the roughly-60 percent of Ele.me that it currently doesn’t own from the other investors, which include search giant Baidu. TechCrunch has confirmed that with sources close to Alibaba, who told us that a proposal to buy the remaining stakes was submitted to investors... ... Read the entire article at the source link...
http://codango.com/alibaba-moves-to-gobble-up-china-based-food-delivery-startup-ele-me-in-full/
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