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Alibaba’s Hema supermarkets have launched 24-hour delivery services in a move to bolster the brand’s “New Retail” services. Initially the round-the-clock service is limited to the 25 Hema stores in Beijing and Shanghai. Consumers who live within 3km of a Hema…
Alibaba has bought the Chinese food delivery business Ele.me for US$9.5 billion. The new deal will enable Alibaba to take over its daily operations and network of delivery drivers. Ele.me is China’s largest online delivery and services platforms. Alibaba,…
Alibaba and its finance affiliate, Ant Financial, are in talks to lead a round of at least US$1 billion into Ele.me, one of China’s leading food delivery startups, according to anonymous sources that spoke to us. The fresh boost in capital will value Ele.me…
