An Ele.me courier delivering meals in Shanghai. Alibaba’s buyout values Ele.me at US$9.5 billion. Photo: Imaginechina

Alibaba acquires food delivery platform Ele.me as it ramps up new retail strategy

Ele.me’s network of three million couriers will allow Alibaba to better compete in the on-demand delivery sphere, according to analysts

Topic |   Alibaba

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An Ele.me courier delivering meals in Shanghai. Alibaba’s buyout values Ele.me at US$9.5 billion. Photo: Imaginechina
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