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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…
foodpanda is promising to drastically reduce delivery time in Singapore to 30 minutes. This, it said, will be achieved by its own fleet of over 500 couriers, along with advanced delivery technology. “foodpanda’s service is all about delivering the most…
