logo
Share SHARE
FONT-SIZE Plus   Neg

Ele.me Merges With Baidu Deliveries To Consolidate Food Delivery Unit

Ele.me, an online food delivery service and local services platform in China, in which Alibaba Group (BABA) is a key shareholder, announced its merger with Baidu Deliveries, the food delivery arm of internet search firm Baidu Inc. (BIDU). Both Alibaba and Baidu will provide the Ele.me and Baidu Deliveries platforms with support in technology, customer acquisition, and food safety. In addition, Alibaba has committed additional capital to support Ele.me's aggressive growth strategies.

Baidu Deliveries will continue to operate as an independent brand while retaining its existing management team. Baidu Deliveries, in three years of operation, has managed to reach 300 cities, connecting one million merchants with over 100 million users.

The partnership brings together respective strengths of the two platforms to provide users with an even higher level of service, raising the bar for the entire food delivery industry. As part of the deal, Ele.me will contribute data and resources to improve the experience of Baidu Deliveries users.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
As most of us are painfully aware, the days of the pension are mostly gone. The percentage of employers still offering a traditional defined benefit pension plan to newly hired employees fell from about 50% to 5% between 1998 and 2015, according to advisory firm Willis Towers Watson. Many companies... Cruise Critic, a cruise reviews and information site, has announced its 10th annual Editors' Picks Awards for the best cruise ships and lines of 2017. The awards are given in three categories - ocean cruises, luxury cruises and river cruises. Viking Cruises, with five wins, topped the list of award winners. Following Viking in second spot was Crystal Cruises, with four awards. French real estate company Unibail-Rodamco SE Tuesday announced that it has entered into an agreement to acquire Australian shopping centre group Westfield Corp. in a deal that implies an enterprise value of $24.7 billion. The deal is expected to create the world's premier developer and operator of flagship shopping destinations with 61.1 billion euros or $72.2 billion of Gross Market Value.
comments powered by Disqus
Follow RTT