×
0 0 0 0 0 0 0 0
Stockreport

Alibaba-Backed Ele.me Launches 'Summer War' Against Tencent-Backed Meituan [Forbes]

Alibaba Group Holding Ltd ADS (BABA)  More Company Research Source: Forbes
Last alibaba group holding ltd ads earnings: 1/30 06:45 am Check Earnings Report
US:NYSE Investor Relations: alibabagroup.com/en/ir/home
PDF Yue Wang Forbes Staff Jul 24, 2018, 11:22pm #BigBusiness Tweet This Motorcycles for take-out delivery service of Ele.me, stop outside a residential district. (Photo by Zhang Peng/LightRocket via Getty Images) Chinese e-commerce giant Alibaba is preparing to spend big on the country’s food-delivery market, setting aside hundreds of millions of dollars this summer to regain the lead from Tencent-backed rival Meituan Dianping. The Hangzhou-based company will splash a whopping 3 billion yuan ($450 million) in the next three months to help Ele.me, the food-delivery platform it acquired for $9.5 billion in April, capture a greater share of the market from Meituan, Ele.me CEO Wang Lei says in an interview with Forbes. Ele.me, whose name means “Are you hungry?” in Chinese, will hand out more meal subsidies, boost payments to its logistics personnel and expand into more segments like express [Read more]

IMPACT SNAPSHOT EVENT TIME: BABA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

VOLUME RATIO
%

VOLUME (SHARES)
TICKS

AVG SHARES PER TRADE

Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Opt-in for
BABA alerts
from News Quantified
Opt-in for
BABA alerts

from News Quantified
Opt-in for
BABA alerts

from News Quantified