Domestic online-to-offline (O2O) food delivery company ele.me announced Wednesday [13 April 2016] that it has received $1.25 billion in a recent financing round from e-commerce giant Alibaba Group Holding and its financial arm Ant Financial Services Group, fueling competition in one of the fastest-growing sectors of China’s Internet economy. Experts said the investment should be able to help ele.me improve its business, even as some of the vendors on the firm’s platforms have just been criticized by State broadcaster China Central Television (CCTV) over hygiene and license issues…Full Article: ECNS.cn Apr 2016
- In April 2016, Eleme stated it would work with the online payment application Alipay (Alibaba).
- In April 2016, Baidu Waimai became a distributor of China Quanjude (Group), a restaurant chain known for its Beijing roast duck.
- In March 2016, Eleme was fined CNY 120,000 (~US$18,400) stemming from a November 2015 violation of Chinese food safety laws relating to working with non-licensed Beijing restaurants who uploaded fake photos and addresses.
- As of early 2016, China’s electronic payment market was dominated by Alibaba Group’s Alipay and Tencent’s WeChat Wallet.
- In December 2015, Baidu Waimai announced plans to raise US$300 million to US$500 million in order to develop its food delivery platform.
- As of October 2015, Baidu Waimai had operations in 109 cities.
- In July 2015, Baidu stated it would invest US$3.2 billion in its O2O (Online to Offline, or online to physical stores) e-commerce platform Nuomi over the next three years. Nuomi will offer a wide range of services including food delivery.
- In July 2015, various KFC restaurants in Beijing, Shanghai, and Zhejiang began allowing customers to pay via Alibaba Group’s Alipay.com.
- In July 2011, Eleme expanded into the cities Beijing and Hangzhou, and later into Guangzhou and Tianjin in March 2012.
- Founded in 2009 and headquartered in Shanghai, Eleme (“Hungry Yet?”) is an e-commerce platform that focuses on restaurant food delivery.
- Founded in 1864 and headquartered in Beijing, China Quanjude (SHE:002186) owns and operates a chain of high-end restaurants that are primarily known for their Beijing roast duck.