Alibaba's Ele.me goes on 3 billion yuan summer spending spree to fight competition

Alibaba's Ele.me goes on 3 billion yuan summer spending spree to fight competition

6 years ago
Anonymous $hM_jrxqbr-

https://www.reuters.com/article/us-china-eleme/alibabas-ele-me-goes-on-3-billion-yuan-summer-spending-spree-to-fight-competition-idUSKBN1KE05S

China's Ele.me, the online food delivery company acquired by Alibaba Group Holding Ltd, will spend one billion yuan ($147.31 million) each month this summer on subsidies and marketing as competition in the sector reaches fever pitch.