Alibaba to buy remaining shares in Ele.me

Accuracy score :
97%

Alibaba to buy reminaing shares in Ele.me

Analysis:Ele.me is purely a logistics company (consisting of people with electric scooters)  with an app platform of restaurants dealing with prepared foods. Customers purchase food from restaurants such as KFC, McDonalds and other local restaurants from a mobile phone APP.  Delivery Fee's amount to 2-5RMB for each shipment.

Conclusion: This may be an acqui-hire to own an extensive employee centric fleet of 30 minutes or less deliverymen.   The profits/market cap of ele.me is non consequential.  The end usage of the operation may be in supermarket delivery.

The Reports that you may like

Stock Title % of value Value per share 2019-02-16
(1810.HK) Xiaomi Corp Technical Analysis 2019-02-06
(zyne) Zyne Timing
-174.00 -3.0000 2019-01-24
(0780.HK) Tongcheng-Elong Holdings equity, debt and subsidiaries 2019-02-06
(zyne) Zyne Why too much sugar is bad for your health and what to do about it ? -174.00 -3.0000 2019-02-01
(zyne) Zyne Portfolio Management
-174.00 -3.0000 2019-01-30