You are here

Alibaba delivery deal could be a tasty side dish

The logistics support should help its expanding bricks-and-mortar portfolio and should also benefit its Alipay system

BT_20180228_ELEME_3327924.jpg
Drivers of the food delivery service Ele.me which transports meals from restaurants to homes, attending a morning briefing. The business of delivering prepared meals is growing quickly in China.

Hong Kong

ALIBABA'S food-delivery roadmap is starting to look a little less grubby. The Chinese e-commerce titan is working on a plan to buy the roughly three-quarters of Ele.me - which transports meals from restaurants to homes - that it doesn't already own. Doing such a deal simply to...

sentifi.com

Market voices on: