Alibaba to buy remaining shares in food delivery app Ele.me

(Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd said on Monday it would buy the remaining shares of Ele.me, a major platform in China's food delivery market, as it competes with Tencent Holdings Ltd services for offline consumers.

from Reuters: Top News http://uk.reuters.com/article/uk-ele-me-m-a-alibaba/alibaba-to-buy-remaining-shares-in-food-delivery-app-ele-me-idUKKCN1H9086?feedType=RSS&feedName=topNews