Posts filtered by tags: Ele.me[x]


 

A former Alibaba driver set fire to himself amid growing concerns about Chinese labor laws

Alibaba founder Jack Ma in January 2018. Wang HE/Getty Images A delivery driver set himself on fire following a pay dispute with a partner of Alibaba subsidiary Ele.me, reported Tuesday. "I want my blood and sweat money back," driver Liu Jin said in videos of the incident. He now has medical bills of more than 1 million yuan ($150,000). In December, a 22-year-old Chinese tech worker died. Her death was widely attributed to the "996" work culture that dominates the industry. Visit Busines...
Tags: Apple, News, China, US, Trends, Walmart, Beijing, Hsbc, Alibaba, Retail, Food Delivery, Workers Rights, Jack Ma, Weibo, Ele.me, Liu


An Alibaba driver set fire to himself amid growing concerns about Chinese labor laws

Alibaba founder Jack Ma in January 2018. Wang HE/Getty Images A delivery driver set himself on fire following a pay dispute with a partner of Alibaba subsidiary Ele.me, reported Tuesday. "I want my blood and sweat money back," driver Liu Jin said in videos of the incident. He now has medical bills of more than 1 million yuan ($150,000). In December, a 22-year-old Chinese tech worker died. Her death was widely attributed to the "996" work culture that dominates the industry. Visit Busines...
Tags: Apple, News, China, US, Trends, Walmart, Beijing, Hsbc, Alibaba, Retail, Food Delivery, Workers Rights, Jack Ma, Weibo, Ele.me, Liu


Viral article puts the brakes on China’s food delivery frenzy

For China’s food delivery workers, life can feel like a constant battle with algorithms, traffic police, and disgruntled customers. An essay detailing the hazardous work conditions of China’s food delivery drivers went viral on the internet on Tuesday, causing a moment of national reckonings on algorithmic harms to people. In China’s populated urban hubs, one won’t miss the army of express couriers speeding and honking on their scooters. Their reckless driving, according to the investigative rep...
Tags: Transportation, Asia, China, Tech, Shanghai, Alibaba, Tencent, Food Delivery, Meituan, Ele.me, China s People magazine


Tim Hortons eyes China coffee drinkers with Tencent investment

Canadian coffee-and-doughnut chain Tim Hortons has secured a heavyweight partner to further its China expansion. The company announced on its social media account (in Chinese) on Tuesday that it has landed funding from Tencent, the Chinese social networking and gaming giant, without disclosing the size of the proceeds. Tim Hortons did not immediately respond to TechCrunch’s request for comment. A spokesperson for Tencent declined to comment on the investment. The 55-year-old Canadian coffee c...
Tags: Food, Startups, Asia, China, Funding, Shanghai, Alibaba, Tencent, WeChat, Starbucks, Alibaba Group, Ele.me, Online Food Ordering, Tim Hortons, Hema, Luckin Coffee


China Roundup: Y Combinator’s short-lived China dream

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. Last week, we looked at how Alibaba and Tencent fared in the last quarter; the talk in Silicon Valley and Beijing this week is on Y Combinator’s sudden retreat from China. We will also discuss the enduring food delivery war in the country later. Brief adventure in the East The storied Silicon Valley accelerator Y Combinator an...
Tags: Energy, TC, Y Combinator, Asia, Microsoft, China, Tech, E-commerce, Companies, Artificial Intelligence, Beijing, United States, President, Alibaba, Venture Capital, Tencent


China’s grocery delivery battle heats up with Meituan’s entry

Fast, affordable food delivery service has been life-changing for many working Chinese, but some still prefer to whip up their own meals. These people may not have the time to pick up fresh ingredients from brick-and-mortar stores, so China’s startups and large companies are trying to make home-cooked meals more effortless for busy workers by sending vegetables and meats to apartment doors. The fresh grocery sector in China recorded 4.93 trillion yuan ($730 billion) in total sales last year, gro...
Tags: Amazon, Food, Startups, Transportation, Asia, Hong Kong, China, E-commerce, Beijing, Shanghai, Alibaba, JD.com, Tencent, Online Retail, Food Delivery, Alibaba Group


Money is no object: China’s Luckin sets sights on rivaling Starbucks

A one-year-old Chinese startup called Luckin is busy waging war against Starbucks as the new year unfolds. At an event on Thursday, Luckin announced that it aims to be the largest coffee chain in China by number of cups sold and outlets by 2019. Caffeinated drinks are taking off in the tea-drinking nation. Average coffee consumption per Chinese consumer is expected to grow 18 percent between 2014 and 2019, well above 0.9 percent in the US. Starbucks is currently the largest player in China’s ...
Tags: Coffee, Food, Asia, China, US, Tech, Alibaba, Tencent, Food And Drink, Starbucks, Alibaba Group, Meituan, Ele.me, Meituan-dianping, Luckin, red Luckin


Starbucks challenger Luckin snags $200M investment on $2.2B valuation

Luckin, a startup that vows to topple Starbucks’ dominance in China, announced on Wednesday that it’s lifted its valuation to $2.2 billion after raising $200 million in a series B funding round. That came only five months after the coffee upstart, which soft-launched in January, picked up $200 million in investment. Luckin has been on a spending spree to open shop and burnt through $150 million within the first six months in operation, its founder said in July when the company had a cash rese...
Tags: Coffee, Food, Apps, Asia, Hong Kong, China, Singapore, Funding, Tech, E-commerce, Beijing, Shanghai, Alibaba, Food And Drink, Starbucks, Food Delivery


Meituan, China’s ‘everything app’, walks away from bike sharing and ride hailing

A major player in the race to transport Chinese people around is losing steam. Meituan Dianping, the Tencent-backed all-encompassing platform for local services, continues to put the brakes on bike-sharing and ride-hailing, the company said on its earnings call on Thursday. The eight-year-old firm is best known for competing with Alibaba-owned Ele.me in food deliveries — the segment that makes up the majority of its sales — and hotel booking, but it’s aggressively branched into various fronts li...
Tags: Food, Transportation, Uber, Asia, Hong Kong, China, Softbank, Tech, Shanghai, Alibaba, Transport, Tencent, Driver, Carsharing, Meituan, Ele.me


China’s Didi suspends carpooling service after another female passenger is mudered

Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a female passenger. The fatally is the second such incident this year after a passenger was murdered in May. Police this weekend arrested a man who is accused of raping and killing a 20-year-old female who rode with him via Didi’s Hitch service on Friday in Zhejiang, a province in the east of China. Reuters reports that the woma...
Tags: Startups, Uber, Asia, Hong Kong, China, Collaborative Consumption, Law Enforcement, Alibaba, Transport, Vice President, Alibaba Group, Driver, Carsharing, Meituan, Ele.me, Reuters


China’s Didi suspends carpooling service after another female passenger is murdered

Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a female passenger. The fatality is the second such incident this year after a passenger was murdered in May. Police this weekend arrested a man who is accused of raping and killing a 20-year-old female who rode with him via Didi’s Hitch service on Friday in Zhejiang, a province in the east of China. Reuters reports that the wom...
Tags: Uber, Asia, Hong Kong, China, Collaborative Consumption, Tech, Law Enforcement, Alibaba, Transport, Vice President, Alibaba Group, Driver, Carsharing, Meituan, Ele.me, Reuters


Alibaba confirms it raised $3B for its newly consolidated local services business

Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently acquired. The company said it put the capital into the business alongside SoftBank, according to a note within its financial results that were released today. TechCrunch understands that the actual amount raised may increase as existing Koubei investors have an option to be a part of the new round,...
Tags: Fundings & Exits, Apps, Asia, Hong Kong, China, Southeast Asia, Softbank, US, Tech, Bloomberg, Alibaba, Tencent, Starbucks, Alibaba Group, Ant Financial, Online Payments


Starbucks partners with Alibaba on coffee delivery to boost China business

Starbucks is palling up with Alibaba as it seeks to rediscover growth for its business in China. China has been a bright spot for some time for the U.S. coffee giant, but lately it has struggled to maintain growth — its China business dragged on its Q3 financials — and it is up against some ambitious new rivals, including billion-dollar startup Luckin Coffee. One-year-old Luckin recently raised $200 million from investors and it has already built quite a presence. It claims over 500 outlets acro...
Tags: Apps, Asia, Hong Kong, China, Ipo, Tech, E-commerce, Beijing, United States, Shanghai, Alibaba, JD.com, Retail, Starbucks, Alibaba Group, Kevin Johnson


How the Rise of Beijing and Shanghai Tech May Impact Silicon Valley

When it comes to startup tech hubs, U.S. cities from San Francisco to Austin to Boston come first to mind. But that is starting to change, as Asian cities—particularly in China—are snapping up more tech venture capital funding and exits, according to a new report from CB Insights. Silicon Valley tech startups pulled in the most funding of any metro region globally during the last six years at $140 billion, according to CB Insights’ Global Tech Hubs Report, which the New York-based researc...
Tags: Startups, Asia, Japan, New York, Technology, China, Germany, Boston, Berlin, San Francisco, Trends, Startup, Tech, Investing, Austin, Beijing


Alibaba to buy all remaining outstanding shares of local delivery service Ele.me

As expected since February, Alibaba will buy all outstanding shares of Ele.me that it doesn’t already own. Best-known for food deliveries, Ele.me claims to be China’s biggest online delivery and local services platform. In an announcement, Alibaba said the deal values Ele.me at $9.5 billion. Alibaba, which first invested in Ele.me two years ago, and its affiliate Ant Small and Micro Financial Services Group currently hold about 43% of the company’s outstanding voting shares. This is the lates...
Tags: Fundings & Exits, Startups, TC, China, Tech, Bloomberg, E-commerce, Alibaba, Tencent, Alibaba Group, Baidu, Koubei, O2O, Taobao, Tmall, Meituan


Low-Hanging Fruit Gone, Ag & Food Tech Investors Pay More for Deals

Food delivery startups are catching on with more consumers, and that demand is whetting investor appetites. The $400 million that grocery delivery startup Instacart raised in March marked the largest deal for a U.S. food technology company in the first half of the year, according to new data from online investment marketplace AgFunder. San Francisco-based Instacart’s Series D round also led the way for California, which tops all states in deals made and dollars invested in agriculture and...
Tags: Startups, California, San Francisco, Trends, Investing, It, Soylent, National, U.S. department of agriculture, Instacart, Ele.me, Bowery, Nagoya University, National blog main, New York blog main, New York top stories


Alibaba confirms $1.25B investment in food delivery service Ele.me

 Southeast Asia wasn’t the only new market that Alibaba jumped into with a billion dollar deal last week. Beyond a deal with Rocket Internet’s Lazada, the e-commerce giant also confirmed a $1.25 billion investment in Ele.me, a leading food delivery startup in China. Read More
Tags: Fundings & Exits, Asia, China, Alibaba, Ele.me, Lazada


Alibaba To Invest $1.25B In Restaurant Delivery Service Ele.me, Says Report

 Alibaba will reportedly invest $1.25 billion in Ele.me, a food delivery service based in Shanghai, says financial news site Caixin (link via Google Translate). The deal would Alibaba the startup’s biggest shareholder, with a 27.7 percent stake. Read More
Tags: Google, Fundings & Exits, Startups, TC, Asia, China, E-commerce, Shanghai, Alibaba, Alibaba Group, Ele.me