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Alibaba and former Alipay open a new food delivery company

Alibaba Group and Ant Financial are investing $ 483 million in the company with a focus on food and beverage delivery, Vedomosti reports .

Ant Financial, formerly Alipay, is the financial platform of Alibaba and the operator of Alipay, Alipay Wallet, Yu'e Bao, Zhao Cai Bao, Ant Micro Loan and Sesame Credit payment systems.

Alibaba Taodiandian and Ant Financial's existing food delivery business will be the main components of the new Koubei company. The company will start with food and drinks, and then connect retail, healthcare and vending machines to the business.
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Koubei will not deliver, but will connect sellers and consumers, taking advantage of offline and online markets. The company will compete with the Chinese giant Tencent Holdings, operating in the food market.

Source: https://habr.com/ru/post/291880/


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