Alibaba and Ant Financial, which invested $1.25bn in the food delivery service in April 2016, are reportedly set to lead a round that will value it at up to $6bn.
E-commerce firm Alibaba and its financial services affiliate Ant Financial are set to lead a $1bn funding round for China-based online food ordering platform Ele.me, Bloomberg reported today.
The round will value Ele.me at between $5.5bn and $6bn, according to people familiar with the matter, and would take the company’s overall venture funding to about $3.35bn.
Ele.me runs an online service that enables users to order food from a variety of local restaurants that can then be delivered to their…
