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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. [11] [12 ...
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 ...
Chinese food delivery platform Ele.me last week unveiled a new smart helmet designed for the millions of delivery riders in the country who can frequently be seen dashing through the country's ...
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On 28 June 1999, [1] Jack Ma, with 17 friends and students founded Alibaba.com, a China-based B2B marketplace site, in his Hangzhou apartment. In October 1999, Alibaba received a US$25 million investment from Swedish Wallenberg family's Investor AB , [ 19 ] Goldman Sachs and SoftBank .
Meituan is the largest food delivery platform in China, holding a majority share of over 65% in the Chinese food delivery business, with its main competitor, Ele.me holding less than 30%. [ 27 ] [ 28 ]