2008
Ele.me was started in 2008 by college students in Shanghai.
“So it was started in a college dorm room by college students in Shanghai in 2008.”
Topic
Ele.me
6 facts from 1 episode, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
2014
At Tencent's urging, Dianping led an $80 million investment in food delivery company Ele.me in 2014.
“So at Tencent's urging, Dianping goes out and leads a $80 million strategic investment in another company in the space.”
2015
Meituan and Dianping announced their merger on October 8, 2015, two months after Ele.me raised $630 million.
“On October 8th, 2015, the announcement of the century.”
2015
Alibaba sold its entire stake in the merged Meituan-Dianping for $900 million and invested $1.25 billion in Ele.me for a 25% stake.
“So Alibaba sells their entire stake in Meituan Dianping for $900 million”
2018
In April 2018 Alibaba acquired the rest of Ele.me for $9.5 billion, which the hosts describe as the largest China tech acquisition at that time.
“Alibaba buys the rest of the company, does a wholesale acquisition of Ulama for $9.5 billion”
2019
Meituan's food-delivery share rose to about 60% in 2018 and 67% in 2019 while Ele.me's fell to about 30%.
“Meituan now has 60% market share. Ulamath's down to 38%.”
Episodes