Alibaba in talks to buy Ele.me: Financial Times

Alibaba is in talks to buy Ele.me in a deal that could value the Chinese food delivery platform at $9.5 billion, the Financial Times said. Alibaba and Ant Financial already own 40 percent but are looking to buy the remaining 60 percent from existing investors including Baidu, the story said.

Source: https://www.pehub.com/2018/02/alibaba-talks-buy-ele-financial-times/

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