China’s Didi suspends carpooling service after another female passenger is murdered

Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a female passenger. The fat

Alibaba confirms it raised $3B for its newly consolidated local services business

Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently

Starbucks partners with Alibaba on coffee delivery to boost China business

Starbucks is palling up with Alibaba as it seeks to rediscover growth for its business in China. China has been a bright spot for some time for the U.S. coffee giant, but lately it has struggled to ma

Alibaba to buy all remaining outstanding shares of local delivery service Ele.me

As expected since February, Alibaba will buy all outstanding shares of Ele.me that it doesn’t already own. Best-known for food deliveries, Ele.me claims to be China’s biggest online delivery and l

Alibaba moves to gobble up China-based food delivery startup Ele.me in full

Alibaba’s 2018 investment spree looks set to continue after it made a push to buy Ele.me, the food delivery startup from China that it has invested in, in full. Bloomberg reported yesterday that

Baidu sells food delivery business to its rival Ele.me

The online food ordering-and-delivery market, once very hot, appears to be cooling down a little in China. Today Baidu, the country’s search giant, announced an exit from the business: Baidu has

Alibaba confirms $1.25B investment in food delivery service Ele.me

Southeast Asia wasn't the only new market that Alibaba jumped into with a billion dollar deal last week. Beyond a deal with Rocket Internet's Lazada, the e-commerce giant also confirmed a $1.25 billio

Nokia and Skype strongmen invest in Finnish food delivery app

Dennis Mitzner Contributor Dennis Mitzner lives in Tel Aviv and writes about startups and technology trends. More posts by this contributor Magic Leap goes to Finland in pursuit of Nordic VR and AR ta

Alibaba To Invest $1.25B In Restaurant Delivery Service Ele.me, Says Report

Alibaba will reportedly invest $1.25 billion in Ele.me, a food delivery service based in Shanghai, says financial news site Caixin (link via Google Translate). The deal would Alibaba the startup’s b

Food Delivery Service Ele.me Raises $350M From Tencent, Sequoia Capital

Ele.me, a food delivery service based in Shanghai, announced this afternoon (link via Google Translate) that it has raised $350 million in Series E funding from CITIC, Tencent, JD.com, Dianping.com, a