Alibaba fully acquires food delivery platform Ele.me in $9.5b deal

(Source: ZDNet) Chinese ecommerce giant Alibaba said it will acquire all outstanding shares in Shanghai-based Ele.me, the leading online delivery food delivery platform in China. Alibaba and its affiliate Ant Financial currently own a combined 43 percent of Ele.me, and the latest deal will value the food delivery startup at $9.5 billion, …