Alibaba to invest USD 1.25 bln in Ele.me - report

Monday 28 December 2015 | 09:53 CET | News
Chinese e-commerce company Alibaba will be investing USD 1.25 billion in Chinese online food delivery service Ele.me, Reuters reported, citing business weekly Caixin. The report, citing unidentified sources, said Alibaba will obtain a 27.7 percent stake in Ele.me, becoming its biggest shareholder. Alibaba and Ele.me both declined to comment.

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Categories: Internet
Companies: Alibaba
Countries: China
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