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On 17 December 2015, Alibaba Group invested $1.25 billion to Ele.me. [9] [10] On 1 March 2017, Ele.me announced that they would launch an app entitled "Food Security Service". Restaurants that are suspected of violating the law will be synced to the supervision department, and this function now covers all the restaurants in Shanghai.
Alibaba and affiliate Ant Small & Micro Financial Services Group Co Ltd currently own approximately 43 percent of Ele.me, and the latest deal will value the startup a $9.5 billion, said Alibaba in ...
Alibaba Group (NYSE: BABA) Q4 2024 Earnings Call Feb 20, 2025, 7:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants. ... Youku, and Ele.me. My second question, coming ...
The deal implies an enterprise value of $9.5 billion for Ele.me, Alibaba said in a statement.
In October 2018, it was reported that Alibaba's Koubei have merged with online food delivery service platform Ele.me into a new local life service subsidiary. [ 110 ] [ 111 ] However, the newly formed Alibaba Local Life Service entity experienced major competition from local service giant Meituan , which is backed by Tencent , leading to ...
AutoNavi was acquired by Alibaba Group in 2014. [4] It offers its map services at Amap.com and as the Amap mobile app. It is known as Gaode in Chinese. AutoNavi provides mapping data of China and Taiwan for Apple Maps, which was introduced with iOS 6. [5]
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