Baidu sells food-delivery unit to Alibaba-backed Ele.me

August 24, 2017

Alibaba-backed Chinese food delivery firm Ele.me will take over the food delivery unit of search engine giant Baidu in a deal that could be worth up to $800 million, the firm and a report said Thursday. Shanghai-based Ele.me, which means “Are you hungry?” in Chinese, said it would take control of Baidu Waimai, which will continue…

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