Alibaba going to buy out Retail Ele.Me Stocks

The large e-commerce Chinese company, Alibaba, is to buy out the remaining stocks of food delivery platform Ele.me
02 April 2018   200

This transaction will let the restaurant take out and the local services app to be valued in 9.5 billion US dollar. The above mentioned bargain is the biggest one to be kept among the China's trade giants. It will provide Alibaba the access to Ele.me`s horde of above 3 million delivery staff, spanning the nation. Also the e-commerce giant would be able to quickly send meals, groceries and an increasing wider array of goods of items as it gradually bets down on a 'new retail' strategy.

Approximately 57 % of Ele.me outstanding shares from earlier investors (supermarket chain Hualian Group and Jd.com) will be bought by Alibaba. Mostly these companies were aimed to capitalize on China's retail revolution. This can be explained by the changes in consumer market which make shopping to become a jointless connection of online and offline channels, varied by specialized design, experience and social media friendly marketing techniques. All they are kept in place by a highly efficient delivery system.

Ele.me is known as a platform that was founded out of a college hostel about 10 years ago and today it has 26 million users. The representatives of the platform  declared they had chosen to join into the Alibaba business sphere despite the investors were ready to go on funding the cash-burning company.

Money is not everything in this current phase of on-demand services sector. The trend is a complementary relationship between new retail and food delivery, which is why we choose to partner with Alibaba, who has the strongest position in new retail.
 

Zhang Xuhao

Founder, Ele.me

In order to put a head start in the inspicient sector, Alibaba has made a number of forays, privatizing large supermarket chains and picking up smaller fresh food delivery contenders, launching a number of Hema supermarkets under its new retail policy.

Dow Jones' MarketWatch to Track Additional 8 Cryptos

Now it also shows data on  Ethereum, Ripple, Bitcoin Cash, Litecoin, Ethereum Classic, Monero, Dash and Zcash
25 April 2018   61

MarketWatch, the news department of the Dow Jones Media Group begun to track the market movements of eight new cryptocurrencies. This is reported by Coindesk.

The MarketWatch website tracks the bitcoin price from 2014, but from now on, users will also be offered data on Ethereum, Ripple, Bitcoin Cash, Litecoin, Ethereum Classic, Monero, Dash and Zcash.

The new service will publish real-time quotations of these coins against the US dollar and the euro, as well as historical trends in the price movement, using the data from the Kraken crypto exchange.

It's no doubt that our readers, as the world's savviest investors, have an eye on digital currency and we're happy to be expanding our real-time tracking of a total of 9 cryptocurrencies in both Euro's and USD, with Kraken's help.
 

Dan Shar

General Manager, MarketWatch

Last week, the financial news agency Dow Jones Media Group announced a partnership with the Brave startup. Within its framework, DJMG will test the possibilities of a blockbuster-developed platform for online advertising developed by a start-up, and will provide access to premium content of Barron's MarketWatch publications to about 2 million users of the Brave browser.