Today’s Deals – Alibaba confirms $1.25B investment in food delivery service Ele.me

Alibaba Southeast Asia wasn’t the only new market that Alibaba jumped into with a billion dollar deal last week. Beyond a deal with Rocket Internet’s Lazada, the e-commerce giant also confirmed a $1.25 billion investment in Ele.me, a leading food delivery startup in China. Read More

from TechCrunch

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