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Ele.me
Ele.me
NEWS
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Shanghai plans $276 billion funding support for innovative tech firms, Dongfeng Motors considers making cars in Italy
Apr.17 2024 14:44 PM
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Selling food delivery platform would send an efficient delivery team to its competitor, warns market analyst
Apr.17 2024 05:09 AM
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  • Alibaba, under the leadership of founder Jack Ma and executives Daniel Zhang and Joseph Tsai, is refocusing on its core e-commerce and cloud computing businesses after a period of reflection and business contraction. This shift includes divesting non-core assets, such as traditional retail operations, to protect its main revenue streams amid challenges like the pandemic, competition, and regulatory fines.
  • Alibaba's internal restructuring aims to improve user experience and organizational efficiency in response to past shortcomings in market competition. The company has initiated significant personnel changes, emphasizing AI-driven strategies and prioritizing customer satisfaction over chasing KPIs.
  • Despite efforts to revitalize growth through strategic adjustments in e-commerce and cloud services, Alibaba faces intense competition both domestically and internationally. Its stock price has significantly declined from its peak in 2020, reflecting market skepticism about the effectiveness of these reforms. Meanwhile, Alibaba continues to explore opportunities for expansion in international markets through platforms like AliExpress (速卖通) and its B2B services.
Apr.13 2024 20:24 PM
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A younger generation is taking hold of the reins at Alibaba group as another long-serving executive, Yu Yongfu, prepares to step down
Mar.2 2024 03:08 AM
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Government hauls in ride-hailers, Xiaomi’s profit slumps
Aug.23 2022 20:23 PM
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E-commerce giant has lost valuable ground to fast-growing rival as it tries to figure out strategy for its year-old locally-based lifestyle services unit
Oct.12 2020 13:30 PM
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Media exposure forces Meituan, Ele.me to ease tight deadlines after revelations of drivers being maimed, killed in racing against the clock to deliver orders
Sep.10 2020 20:51 PM
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Company merges older Koubei service with recent purchase Ele.me
Oct.12 2018 19:05 PM
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Combination of Koubei and Ele.me gets $3 billion injection in escalating battle with Meituan-Dianping as Alibaba revenue beats forecasts
Aug.24 2018 02:59 AM
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Alibaba Group’s food-delivery venture seeks to regain ground lost to Tencent’s Meituan during rocky merger with Baidu
Jul.26 2018 05:30 AM
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Regional operators stage sit in to complain of significant losses after sale to Ele.me
Jul.23 2018 17:37 PM
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Baidu sells Ele.me stake to Alibaba for $488 million, exiting heated competition in food-delivery business
May.11 2018 04:10 AM
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China’s three largest food delivery platforms are under investigation for claims of unfair competition
Apr.12 2018 05:35 AM
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Competition in takeout market heats up as Meituan, Didi eye shares
Apr.2 2018 19:34 PM
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Ele.me held 55.3% of China’s takeout market in fourth quarter of 2017
Feb.26 2018 20:09 PM
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Alibaba affiliate Ele.me agrees to pay $800 million for Waimai, narrowing the Chinese restaurant-meal-delivery sector to two major players
Aug.24 2017 16:15 PM
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Violent scuffle between Ele.me, Meituan.com employees shows how intense turf wars in sector can easily become physical
Feb.22 2017 14:55 PM