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Alibaba acquires food delivery startup Ele.me for $9.5bn

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7 years ago

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Beijing, April 2 (IANS) E-commerce giant Alibaba on Monday announced it will acquire full ownership of China’s leading online food delivery startup Ele.me for $9.5 billion.

The e-commerce giant and its affiliate Ant Financial currently own about 43 per cent of the outstanding voting shares of Ele.me, Alibaba said in a statement.

“Ele.me can leverage Alibaba’s infrastructure in commerce and find new synergies with Alibaba’s diverse businesses to add further momentum to the New Retail initiative,” Alibaba Group CEO Daniel Zhang said.

With a large delivery force in cities across China, Ele.me’s fast local delivery services will build on its core expertise in food delivery to provide consumers with a wider range of products and services on-demand.

“We share the same strategic vision that New Retail has a bright future and being part of Alibaba’s ecosystem will take Ele.me’s growth to a new level,” said Zhang Xuhao, founder of Ele.me.

Ele.me will continue to operate as its own brand, but will combine some services with Koubei, Alibaba’s affiliated local services platform.

After the acquisition, Zhang Xuhao will become chairperson of Ele.me and special advisor to Alibaba’s CEO on New Retail strategy. Wang Lei, vice president of Alibaba Group, will become CEO of Ele.me.

Ele.me took over Baidu Waimai, Baidu’s food delivery unit, last year in an industry consolidation, Xinhua news agency reported.

–IANS
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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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