Ele.me’s service expansion follows on the heels of rival Meituan’s widened logistics services.
Ele.me claimed 47.4% share of total order volume last year, closing the gap with long-time market leader Meituan Dianping, which held 51.8%.
Meituan faces a profit squeeze as Chinese regulators order platforms to cut fees to help small businesses.
Meituan faces a renewed challenge from Alibaba in local lifestyle market as Alipay drives users to in-ecosystem services.
Missfresh is one of several grocery delivery companies to unexpectedly benefit from the Covid-19 outbreak in China.
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.
Ele.me and HelloBike have moved into a new partnership for sharing users base with each other.
Baidu Waimai’s rebranding represents a footnote for the changing landscape of China’s online food delivery industry.
Starbucks said to deliver coffee in tie-up with Alibaba’s Ele.me —SCMP What happened: Starbucks is planning to deliver coffee with the help of Alibaba-owned food delivery platform Ele.me, according to unnamed sources. The move comes after Starbucks reported a 2% decline in revenues for the last quarter. The two companies are yet to confirm the news. […]
Alibaba intends to merge its food delivery units and raise funds for the new mega-entity.