According to a source close to the situation, Chinese e-commerce giant Alibaba will be buying out Baidu’s stake in China’s top food takeout app, Ele.me. The unidentified source says that Alibaba will be buying out Baidu’s stake as well as other investors in Ele.me as it dives deeper into the food delivery market. If the … Continue reading “Alibaba to Buy Baidu’s Stake in Chinese Food Delivery Platform Ele.me”
