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How Alibaba is Building Up Its Yelp Alternative

Naomi Gray
Updated
How Alibaba is Building Up Its Yelp Alternative

Ele.me, the online food delivery startup that Alibaba (BABA) is on the verge of swallowing, operates in more than 600 cities and reaches millions of consumers. By acquiring Ele.me, Alibaba is not only looking to capitalize on China’s rapidly burgeoning online food delivery market but also to leverage Ele.me’s local delivery network to strengthen its local business listing service. Alibaba and affiliate Ant Financial run a joint venture known as Koubei, which connects people with local service businesses.

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