Alibaba's Ele.me seeking at least $2 billion funding: Report
Alibaba-owned food delivery platform Ele.me is reportedly seeking at least $2 billion funding to compete against Meituan Dianping. While it's unclear how big a stake is available in Ele.me, investors would get a stake in a company that's a candidate for a future initial public offering (IPO). Alibaba acquired the startup earlier in April at a valuation of $9.5 billion.