Sentences with phrase «food delivery service ele.me»
It said in April it would seek full control of food delivery service Ele.me, conferring a value of $ US9.5 billion on a company that's locked in a cash - burning battle with Tencent - backed Meituan Dianping.
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Under the leadership of its founder and management team, Ele.me has achieved leading market share in China's online food delivery and local services sector.
As early as 2015, the firm partnered with Ele.me for a program similar to «UberEATs», the food delivery service run by Uber.
Most recently, the firm announced it would be buying all remaining shares of the online delivery and local services platform Ele.me, which is primarily known for its food deliveries.
Alibaba will be further expanding its stake in China's food and local services delivery market as the company is set to gain full control of Ele.me in a deal that puts the startup's value at $ 9.5 billion.