饿了么否认与口碑网合并 称原20名高管仍正常汇报工作 – 证券日报

What happened: Ele.me denied the rumored merger with Koubei and said no Ele.me executives have left. Rumors started on Wednesday, August 8 that Alibaba, the holding company of Ele.me and Koubei, would merge these two companies and seek to raise $3 billion. Japan’s SoftBank was said to lead the investment.

Why it’s important: Despite Ele.me’s denial, there is evidence that the management level Ele.me has been marginalized after being bought by Alibaba in April 2018 for $9.5 billion. Currently, Ele.me and Meituan have been dominating the food delivery market and Baidu has exited. However, Zhang Xuhao, founder of Ele.me, was appointed chief executive officer of Baidu Delivery, which had been bought by Ele.me in August 2017, before Alibaba’s buyout.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Jiefei Liu

Jiefei Liu is a Beijing based tech reporter. She focuses on the union of tech and content creation and loves agriculture. You can write to her at Jiefei@technode.com