Ant Financial Invests $210 million in Indian Delivery Unicorn Zomato
On Oct. 15, it was reported that Ant Financial, the financial arm of Alibaba Group made a $210 million of strategic investment in the Indian delivery startup Zomato.
Ele.me and Koubei Merged to Become Alibaba’s New Local Life Service Company
Alibaba Group announced today to merge the online food delivery service platform Ele.me and its local commerce platform Koubei into a new local life service company.
Meituan Leads in China’s Food Delivery Market, Followed by Ele.me and Baidu
Trustdata released a new mobile Internet report on July 31, unveiling a 6-3-1 shape of the food delivery market in China where Meituan Waimai continues to lead with 60 percent of the market share, followed by Ele.me at 36 percent and Baidu Waimai at 3 percent.
Meituan Unveils Driverless Food Delivery Platform and Multiple Autonomous Vehicles
Ordering a drink or meal at 2 a.m. could be possible in the future, as Meituan unveiled on July 25 more details of its driverless food delivery vehicles.
Meet Swiggy, India’s New Unicorn with Chinese blood
India’s food-delivery startup Swiggy announced yesterday that it had grabbed $210 million for its newest Series G funding, valuing the startup at $1.2 billion and making it the newest entrant of India’s unicorn club.
Ep. 10: Meituan, the Super App that Won Against a Thousand Clones
This week on TechBuzz China by Pandaily, co-hosts Ying-Ying Lu and Rui Ma tell you how Wang Xing, the legendary Chinese serial entrepreneur who started out with “copy to China,” is now standing behind one of the largest unicorns in the world, Meituan-Dianping.
Ele.me Announces a New Era for Food Delivery: Drones
Ele.me, the leading food delivery platform in China, announced on Tuesday that the company will put drones to use for food delivery services in Shanghai and launch the first drone delivery routes in China at the same time.
Conversation with Founder of Ele.me after $9.5B Acquisition by Alibaba
On April 2, Alibaba Group joined hands with Ant Financial in conducting the buyout of Ele.me at $9.5 billion. The Vice President of Alibaba Group Wang Lei will serve as the CEO of Ele.me, and there will be no differentiation between the teams of the two companies.
Meituan and Didi starts to compete on food delivery and ride-hailing
Chinese consumers commonly order takeout with Meituan and hail rides with Didi. Yet, the two seemingly unrelated apps will start to compete with each other. Meituan will unveil ridesharing service on March 21 in Shanghai, while Didi will finalize preparations for the launch of its takeout business.
Alibaba to Purchase Ele.me and Enter Competitive Chinese Food Delivery Market
Chinese e-commerce giant Alibaba is planning to take over food delivery platform Ele.me for $9.5 billion. While Alibaba and ele.me have both declined to comment on “market rumors”, an Alibaba executive confirmed this news to the media without disclosing further details.