Speculation about ByteDance potentially acquiring the Chinese food delivery platform Ele.me resurfaced on Monday. Despite both Alibaba, the current owner of Ele.me, and ByteDance denying any discussions regarding the deal, which could be worth around US$7 billion to US$8 billion, rumors continue to circulate. ByteDance, viewing local life services as a key driver for its […]
ByteDance’s Interest in Acquiring Ele.me and Why Alibaba Might Be Reluctant to Sell comes from China Money Network: Primary Data for China’s Primary Markets! All Rights Reserved.