Ele.me and Didi Kuaidi get nearer billion-dollar rounds

Apr 8, 2016 • Robert Lavine

Chinese VC funding continues to go strong as Alibaba's touted 10-figure investment in food delivery platform Ele.me appears to have been closed while Didi Kuaidi prepares to complete its own $1bn round.

E-commerce firm Alibaba has invested an undisclosed amount in China-based food delivery platform Ele.me, while China-based ride hailing service Didi Kuaidi is also seeking new funding, Sina Tech has reported.

Ele.me operates an online food ordering platform that had raised about $1.1bn from investors including internet company Tencent, e-commerce firm JD.com, listings and reviews platform Dianping, Didi Kuaidi, Citic Private Equity, China Media Capital, Gopher Asset and Sequoia Capital.

Alibaba’s desire to invest in Ele.me first surfaced in December…

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