Alibaba, Ant Financial Said To Lead $1B Round In China Online Food Delivery Start-up Ele.me

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Alibaba Group Holding Ltd. and its financial services affiliate Ant Financial plan to lead a US$1 billion funding round in Ele.me, a Chinese food ordering mobile app, which will value the start-up at US$5.5 billion to US$6 billion post-money, according to media reports citing insiders.

China Money Network

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