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Alibaba, Ant Financial Invest $1.25 Billion In China Online Food-Delivery Firm Ele.me

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A courier of Ele.me food delivery smartphone application travels on his electric bicycle along a street in ShanghaiChinese online food-delivery service company Ele.me has raised $1.25 billion from Alibaba Group Holding and its Internet finance arm Ant Financial, Ele.me and Alibaba said in separate statements on Wednesday. Alibaba has invested $900 million while Ant Financial has invested $350 million, Ele.me said in a statement on its official Weibo microblog. Alibaba confirmed the investment in an emailed statement to Reuters.




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