Alibaba, Ant Fin invest $1.25b in Chinese online food-delivery co Ele.me

Alibaba, Ant Fin invest $1.25b in Chinese online food-delivery co Ele.me

Chinese online food-delivery service company Ele.me has raised $1.25 billion from Alibaba Group Holding and its Internet finance arm Ant Financial, Ele.me and Alibaba said in separate statements on Wednesday.

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