Alibaba's buyout of Ele.me leaves Baidu with clean plate to focus on artificial intelligence

Gaming 07 Apr 2018
Alibaba's buyout of Ele.me leaves Baidu with clean plate to focus on artificial intelligence


Baidu may be poised to exit the food-delivery business after almost four years as Alibaba Group Holding is said to have proposed buying out other shareholders of Ele.me, potentially freeing resources up for the internet search engine operator in its transformation into an artificial intelligence company.

Alibaba, China’s biggest e-commerce services provider, plans to acquire the rest of Shanghai-based Ele.me, as part of its New Retail strategy, according to a person familiar…

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