Dan Brody Chief Information and Technology Officer CITO

startups

Alibaba Agrees To Invest $1.25 Bln In Chinese Online Food Delivery Service

Alibaba Agrees To Invest $1.25 Bln In Chinese Online Food Delivery Service

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 biggest shareholder, with a 27.7 percent stake. According to Crunchbase, Ele.me…

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