Tag Archives: Ele.me

Alibaba’s investment spree

Commentary
Known for its aggressive investment policy, cash-rich Alibaba has made headlines with billion-dollar deals on both domestic and international grounds. Last week, the Chinese ecommerce giant invested $1.25 billion in Ele.me, a Shanghai-based food delivery service. It also paid $1 billion to acquire a controlling stake in Lazada, Southeast Asia’s top ecommerce platform. The deals happened a few months after Alibaba acquired Hong Kong-based newspaper South China Morning Post for $226 million. According to analysts, Alibaba targets to reach 6 trillion yuan in gross merchandise value (GMV) per year by 2020. We expect to see more investments from Alibaba in the coming months.

Ele.me raises $1.25 billion from Alibaba and Ant Financial

Commentary
Alibaba is on an investment spree. After paying $1 billion to acquire a controlling stake in Lazada, the Chinese ecommerce giant contributed $900 million to Ele.me’s latest funding round. Ant Financial, an affiliate of Alibaba, contributed $350 million. Ele.me, which translates to “Are you hungry now?”, is a food delivery platform based in Shanghai. It previously raised $630 million from Didi Kuaidi at a $3 billion valuation in August. Its total funding is now $2.34 billion, making it China’s third most funded startup.

You can read about the funding here.

Top 20 Asia & Pacific Deals for December 2015

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $2,000,000,000 Didi Kuaidi Consortium Transactions Investment
2 $1,250,000,000 Ele.me Alibaba Group Holding Transactions Investment
3 $1,000,000,000 Coupang SoftBank Ecommerce Investment
4 $1,000,000,000 Didi Kuaidi Undisclosed Transactions Investment
5 $810,000,000 PrimeAgain Consortium Mobile & Apps Investment
6 $700,000,000 Flipkart Tiger Global Management, Steadview Capital Ecommerce Investment
7 $700,000,000 Yidao Yongche Le TV Transactions Investment
8 $687,000,000 Menulog Group Just Eat Transactions Acquisition
9 $671,000,000 eLong Ctrip Transactions Acquisition
10 $630,000,000 Ele.me Consortium Transactions Investment
11 $600,000,000 Kuaidi Dache Consortium Mobile & Apps Investment
12 $590,000,000 Meizu Alibaba Group Holding Limited Hardware & Infrastructure Investment
13 $534,000,000 iProperty REA Group Transactions Acquisition
14 $500,000,000 Tuniu JD Transactions Investment
15 $500,000,000 Qunar Silver Lake Transactions Investment
16 $500,000,000 Snapdeal Consortium Ecommerce Investment
17 $400,000,000 GrabTaxi China Sovereign-Wealth Fund Transactions Investment
18 $360,000,000 Ticket Monster KKR Consortium Ecommerce Acquisition
19 $350,000,000 Ele.me Tencent, Sequoia Capital Transactions Investment
20 $315,000,000 Ola Consortium Mobile & Apps Investment

More information

  1. Didi Kuaidi, Uber’s Arch Rival In China, Confirms It Raised $2B In Fresh Funding (TechCrunch)
  2. Alibaba to pump US$1.25 billion in Chinese online food delivery service Ele.me (e27)
  3. Coupang Receives $1BN in Funding (FinSMEs)
  4. Didi Kuaidi raises extra $1B to battle Uber in China (Tech In Asia)
  5. Japan’s PrimeAgain raises $810,000 to further develop ephemeral video sharing app (The Bridge)
  6. Flipkart Raises $700M In 10th Funding Round At $15B Valuation (Trak.in)
  7. Uber may have a new rival in China, as Yidao Yongche to raise $700M (VentureBeat)
  8. Just Eat Snaps Up Menulog For $687M To Enter Australia And New Zealand (TechCrunch)
  9. Expedia gives up on China partner, sells off $671M majority stake in eLong (Tech In Asia)
  10. Ele.me Raises US$630M in Series F Funding (FinSMEs)
  11. KuaiDi Dache Raises US$600M in Funding (FinSMEs)
  12. Meizu Receives US$590M Minority Investment from Alibaba (FinSMEs)
  13. iProperty to be sold for $534M in one of largest ever buyouts of Southeast Asian web firm (Tech in Asia)
  14. Chinese travel site Tuniu gets $500M injection, JD now biggest shareholder (Tech In Asia)
  15. Chinese Travel Platform Qunar Raises $500M, Turns Down Ctrip Acquisition Offer (TechCrunch)
  16. Snapdeal Receives $500m Growth Investment (FinSMEs)
  17. GrabTaxi snags US$400 million in funding from China Investment Corp and others (e27)
  18. Groupon Sells 46% Of Korea’s Ticket Monster To KKR Consortium For $360M (TechCrunch)
  19. Food Delivery Service Ele.me Raises $350M From Tencent, Sequoia Capital (TechCrunch)
  20. Ola raises blockbuster $315M funding to stay ahead of Uber in India (Tech In Asia)

Top 20 Transactions Deals for December 2015

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $2,000,000,000 Didi Kuaidi Consortium Transactions Investment
2 $1,400,000,000 Electronic Funds Source WEX Transactions Acquisition
3 $1,250,000,000 Ele.me Alibaba Group Holding Transactions Investment
4 $1,200,000,000 Uber Baidu Transactions Investment
5 $1,200,000,000 Avito Naspers Transactions Investment
6 $1,000,000,000 Uber Undisclosed Transactions Investment
7 $1,000,000,000 Uber Microsoft, Bennett Coleman & Co. Transactions Investment
8 $1,000,000,000 Didi Kuaidi Undisclosed Transactions Investment
9 $1,000,000,000 SoFi SoftBank Transactions Investment
10 $910,000,000 Altegra Health Emdeon Transactions Acquisition
11 $890,000,000 Xoom PayPal Transactions Acquisition
12 $700,000,000 Yidao Yongche Le TV Transactions Investment
13 $687,000,000 Menulog Group Just Eat Transactions Acquisition
14 $671,000,000 eLong Ctrip Transactions Acquisition
15 $630,000,000 Ele.me Consortium Transactions Investment
16 $589,000,000 Yemeksepeti Delivery Hero Transactions Acquisition
17 $534,000,000 iProperty REA Group Transactions Acquisition
18 $530,000,000 Lyft Rakuten Transactions Investment
19 $500,000,000 Tuniu JD Transactions Investment
20 $500,000,000 Qunar Silver Lake Transactions Investment

More information

  1. Didi Kuaidi, Uber’s Arch Rival In China, Confirms It Raised $2B In Fresh Funding (TechCrunch)
  2. WEX to Buy Electronic Funds Source From Warburg Pincus for $1.4 Billion (The Wall Street Journal)
  3. Alibaba to pump US$1.25 billion in Chinese online food delivery service Ele.me (e27)
  4. Uber Has Raised $1.2B More In China With Baidu Investing As Rival Didi Kuaidi Gets $3B (TechCrunch)
  5. Naspers Makes US$1.2 Billion Investment in Avito (FinSMEs)
  6. Facing Demand, Uber Expands Funding Round by $1 Billion (NY Times)
  7. Uber reportedly raises $1B at a $51B valuation from investors including Microsoft (VentureBeat)
  8. Didi Kuaidi raises extra $1B to battle Uber in China (Tech In Asia)
  9. SoFi raises whopping $1 billion to refinance student loans (Fortune)
  10. Emdeon to Acquire Altegra Health for $910M (FinSMEs)
  11. PayPal to Acquire Xoom for $890M (FinSMEs)
  12. Uber may have a new rival in China, as Yidao Yongche to raise $700M (VentureBeat)
  13. Just Eat Snaps Up Menulog For $687M To Enter Australia And New Zealand (TechCrunch)
  14. Expedia gives up on China partner, sells off $671M majority stake in eLong (Tech In Asia)
  15. Ele.me Raises US$630M in Series F Funding (FinSMEs)
  16. Delivery Hero Eats Up Turkey’s Yemeksepeti For A Record $589M (TechCrunch)
  17. iProperty to be sold for $534M in one of largest ever buyouts of Southeast Asian web firm (Tech in Asia)
  18. Lyft Raises $530M in Series E Funding (FinSMEs)
  19. Chinese travel site Tuniu gets $500M injection, JD now biggest shareholder (Tech In Asia)
  20. Chinese Travel Platform Qunar Raises $500M, Turns Down Ctrip Acquisition Offer (TechCrunch)