Alibaba Group Holding Ltd. has agreed to invest US$1.25 billion in Shanghai-based food ordering mobile app Ele.me, becoming the O2O (online-to-offline) start-up's biggest shareholder, according to Chinese media reports. The investment values Ele.me at US$4.5 billion post-money. Alibaba would obtain a 27.7% stake in the business based on the valuation. In November, China's biggest ride […]

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