Alibaba Is Acquiring For $9.5 Billion


Alibaba Group Holding Ltd. Is going to acquire the entire setup of for $9.5 billion. Alibaba and its affiliate already own the 43 percent of which means “hungry yet?”. The company provides food across the country through its large number of delivery riders. Alibaba is focusing on its expansion in e-commerce as it is facing stiff competition from its Asian competitors.


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