Alibaba moves to gobble up China-based food delivery startup Ele.me in full

Alibaba’s 2018 investment spree looks set to continue after it made a push to buy Ele.me, the food delivery startup from China that it has invested in, in full.

Bloomberg reported yesterday that Alibaba plans to purchase the roughly-60 percent of Ele.me that it currently doesn’t own from the other investors, which include search giant Baidu. TechCrunch has confirmed that with sources close to Alibaba,  who told us that a proposal to buy the remaining stakes was submitted to investors yesterday.

…The acquisition could value Ele.me at as much a $9.5 billion

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