Alibaba Group Holding Ltd acquires Rajax Holding (Ele.me)

Alibaba Group Holding Ltd acquired Rajax Holding (Ele.me) for $5.48 billion, a transaction completed in May 2018, structured as all cash, US$5,482 million (RMB34,923 million).

Rajax Holding (Ele.me) operates in Local services / on-demand delivery, is based in China. Ele.me is a leading on-demand food-ordering and delivery platform in China. In May 2018 a joint investment vehicle (Alibaba with Ant Financial) acquired all outstanding shares it did not already own for US$5,482 million, and Ele.me became a consolidated subsidiary, forming the core of Alibaba's local-services business.

Complement Koubei in local services with a high-frequency, last-mile delivery platform.

High-frequency consumer touchpoint and city-level last-mile logistics.

In May 2018, the joint investment vehicle completed the acquisition of all outstanding shares of Ele.me that it did not already own at a consideration of US$5,482 million (RMB34,923 million). Upon the completion of the acquisition, Ele.me became a consolidated subsidiary of the Company.Alibaba Group FY2019 Form 20-F, business combinations note

Advisory firms were not disclosed for this transaction.

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