Alibaba in talks to swallow China food delivery app Ele.me

(Source: Financial Times) Alibaba and rival Tencent, each with an equity value of more than $500bn, have kicked off the year with aggressive buying sprees as they take each other on in ecommerce, payments, food delivery and other services. While they began life with clearly defined turfs — Alibaba in ecommerce and Tencent in social media …