Alibaba plans to invest in the food delivery company

Alibaba plans to invest in the food delivery company

China’s online retailer Alibaba wants to invest $ 1.25 billion in the Chinese food delivery Ele.me. In return Alibaba will have 27.7 percent share of the company and thereby rise to become the largest shareholder. Online platforms are growing in popularity in China, following a pattern found in Europe and the US. Many people are […]