Alibaba said to lead $1b funding for Chinese food startup

Alibaba said to lead $1b funding for Chinese food startup

Photo: Reuters

Alibaba Group Holding Ltd. and its financial services affiliate plan to lead an investment round of at least $1 billion in Ele.me, one of the largest players in a crowded Chinese food-delivery service arena, people familiar with the matter say.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter