Alibaba to dish up $1.25bn for Ele.me

Dec 29, 2015 • Robert Lavine

Alibaba is set to become food delivery platform Ele.me's largest shareholder in a deal that will value the company at just over $4.5bn.

E-commerce group Alibaba is set to invest $1.25bn in China-based online food delivery service Ele.me in a deal that would make it Ele.me’s largest shareholder, Caixin has reported.

Ele.me operates an online service through which users can order food to be delivered to their homes. Alibaba will acquire a 27.7% stake through the investment, valuing Ele.me at more than $4.5bn.

Ele.me raised $630m from internet company Tencent, e-commerce firm JD.com, Citic Private Equity, China Media Capital, Gopher Asset and…

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