Alibaba and SoftBank have invested $3 billion into Ele.me, the food delivery company that is owned by Alibaba. According to a report in CNBC, Ele.me also merged with Koubei, with the combined company getting the funding. “As a result of this reorganization, subject to closing...
With a massive investment last month in Koubei, Alibaba and Ant Financial made it clear that the companies were serious about the online-to-offline market. So serious, in fact, that Alibaba and Ant Financial, the maker of Alipay, are betting big and investing almost $1 billion in a...
The Alibaba affiliate Ant Financial has given its Alipay mobile app an upgrade that will help transform it from a mobile wallet to a payments platform. Meet Alipay 9.0, the mobile payments upgrade the company is calling the “super app.” What was formerly known as...
Alibaba and KFC China just partnered to allow KFC customers to pay by scanning bar codes using Alipay’s smartphone app, reports the Financial Times. KFC follows in the steps of Walmart and Carrefour which each began accepting Alipay in 2015. With 5,000 restaurants across 900 cities, KFC is the largest food...
November 08, 2018
Alibaba, the Chinese eCommerce giant, is having success with its newly-created on-demand online services unit — it raised $4 billion in funding, giving it a valuation of as high as $30 billion. Reuters, citing people with knowledge of the situation, reported the unit — which is a combination of Ele.me, the food delivery service, and […]
August 24, 2018
Alibaba and SoftBank have invested $3 billion into Ele.me, the food delivery company that is owned by Alibaba. According to a report in CNBC, Ele.me also merged with Koubei, with...
July 29, 2015
With a massive investment last month in Koubei, Alibaba and Ant Financial made it clear that the companies were serious about the online-to-offline market. So serious, in fact, that Alibaba and Ant...
July 09, 2015
The Alibaba affiliate Ant Financial has given its Alipay mobile app an upgrade that will help transform it from a mobile wallet to a payments platform. Meet Alipay 9.0, the...
