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Alibaba, a renowned Chinese multinational conglomerate, recently unveiled a new name for its popular food delivery service, previously known as Ele.me. This rebranding, which transforms Ele.me into Taobao Instant Commerce, marks a significant shift in the…
McDonald’s customers in China can now earn loyalty points when they order a Big Mac or Filet-o-Fish through Ele.me, Alibaba Group’s on-demand delivery platform. Ele.me users can activate a McDonald’s membership card with just one click on the app to earn…
Luckin vs Starbucks: baristas and technology are engaged in a gigantic battle for Chinese coffee drinkers’ loyalty. Seattle, Washington-based Starbucks Corporation has been the indisputable market leader in the Chinese coffee industry ever since its Beijing…
Corporate restaurateur Tao Heung is reporting improved sales in both its core Hong Kong market and on the mainland as people dine out more often and the average tab increases. Tao Heung operates 60 restaurants under its own brand, two RingerHut eateries…
The Mao Shan Cafe, a franchised food retail network with a menu centred on durian – plans to open 200 outlets across Mainland China by 2022. Mao Shan Cafes serve durian cakes, savouries, pastries, waffles, durian coffee and ice cream and other unique foods…
Starbucks China and Alibaba have announced an alliance that stretches way beyond the latter’s online delivery platform Ele.me. The two companies describe their pact as “a deep, strategic New Retail partnership” that will enable a seamless Starbucks experience…
Chinese e-commerce giant Alibaba is preparing to spend big on the country’s food-delivery market, setting aside hundreds of millions of dollars this summer to regain the lead from Tencent-backed rival Meituan Dianping. SEE ALSO : Alibaba Group-owned Ele.me to…
Ele.me aims to grab a majority share of China’s food-delivery market in the near future, CEO Wang Lai, (pictured), said this week. Moving into Alibaba’s ecosystem has already created new and immediate opportunities for Ele.me and the 3 million-strong delivery…
Ele.me’s announcement comes three months after Alibaba acquired full control of the food delivery app, for an undisclosed price, valuing the business at US$9.5 billion. “The determination of Alibaba gives Ele.me confidence,” Alibaba vice-president Wang Lei,…
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…
Fast-food giant Yum China Holdings is looking at buying food-delivery services firm Daojia.com. Discussions are at an early stage, but a deal could be worth up to US$200 million, as reported. Established in 2010, Daojia.com focusses on online food orders and…
As more people start using their smartphones or the internet to order food, China’s eCommerce leaders are in a battle for supremacy. Now a food-delivery startup backed by Tencent Holdings, Ele.me, is planning a fast funding round of at least $1.25 billion, in…
