Shanghai’s market watchdog has imposed an RMB 500,000 fine on food delivery app Ele.me for misleading consumers on prices and food safety.
Expansion in the food delivery sector has decelerated sharply from 2017 and 2018.
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%.
Alibaba Local Services Company is embracing “new retail” to fend off competitors such as Tencent-backed Meituan.
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.
The Starbucks delivery service, for now, is only available in 10 stores in Beijing and Shanghai respectively.
Ele.me to Spend More Than $440 Million to Seize Turf– Caixin Global What happened: Chinese online food delivery giant Ele.me is planning to spend more than $440 million from July to September to expand its market share in the hope to increase its market share to over 50%. Why it’s important: The subsidy and marketing […]
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.
Alibaba announced today that it will acquire all outstanding shares that it does not already own in food delivery platform Ele.me. The transaction implies the enterprise value of Ele.me at US$9.5 billion. Alibaba and its financial arm Ant Financial are already the largest shareholder in the company with approximately 43% shares. Rumors of Alibaba’s acquisition […]