Hualian Department Store delivers $90m to Ele.me

Aug 27, 2015 • Robert Lavine

The shopping centre operator supplied the cash alongside an undisclosed sum from backers including JD.com, which took part in Ele.me's $350m series E in January.

Shopping centre operator Beijing Hualian Department Store Co has agreed to invest $90m in China-based online food ordering service Ele.me, China Money Network reported today, citing a securities filing.

Ele.me is also set to receive an undisclosed amount of additional funding from e-commerce company JD.com, Sequoia Capital, Horizon Ventures and Slender West Lake Investment. All the investors are committing capital in the form of a private placement.

Founded in 2009, Ele.me operates an online service that enables users to order…

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