TRENDING NEWS

Alibaba purchases major food delivery service

Alibaba is arguably one of the most famous Chinese companies in the market right now. Operating all around the world, with its retailer branch AliExpress, it is the best opportunity for local Chinese sales people to go to the world market. And it is only natural that a company as big as Alibaba will look new ways to expand. And this time there are talks about Alibaba looking to buy food delivery Ele.me shares… those, remaining at the market, anyway.

Ele.me is unknown outside China local food delivery service. But it is a major one inside Chinese borders. For now, Alibaba owns 43 percent of Ele.me service. And now they are looking to buy all the remaining shares so that to own the company.

Alibaba is already an owner of Koubei delivery and the company purchasing Ele is just another step for Alibaba to dominate Chinese food delivery market.

Alibaba officials say that Ele.me will be further operating under their own brand with Alibaba simply taking the lead.

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