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Alibaba is pouring billions into the food delivery business

April 2, 2018 9:45 AM
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Alibaba is pouring billions into the food delivery business

Alibaba is spending billions of dollars to take control of one of China's biggest online food delivery services.

China's biggest e-commerce company said Monday that it will buy all the outstanding shares it doesn't already hold in Ele.me, a startup whose Chinese name roughly translates to "Hungry?"

Also read: Google tells U.S. lawmakers it is mulling options on China services

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