Ele.me confirms plans to merge with Baidu Deliveries
Chinese online food-delivery company Ele.me has confirmed that it is set to merge with Baidu Deliveries. In a statement, Shanghai-based Ele.me said Baidu Deliveries would continue to operate as an independent brand and retain its existing management team. The transaction’s value was not disclosed.
“Through the powerful backing of both Alibaba and Baidu, the combined operation is poised to lead the online-to-offline service industry in China,” said Ele.me Chief Executive Officer Xuhao Zhang.
