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Aggregated China Business Blogs
Alibaba, Ant Financial Announce $1.25B Investment In Ele.Me
Aggregated Source: China Money Network
11111Alibaba Group Holding Ltd. and its affiliate Ant Financial announced that they had agreed to invest US$1.25 billion in Shanghai-based food ordering mobile app, becoming the O2O (online-to-offline) start-up's biggest shareholder with a 27.7% stake. The news was previously reported by Chinese media in December 2015. Today's announcement confirms most of the formerly reported […]

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