financetom
Business
financetom
/
Business
/
Alibaba to Reportedly Merge Ele.me, Fliggy Into Core E-Commerce Group
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Alibaba to Reportedly Merge Ele.me, Fliggy Into Core E-Commerce Group
Jun 23, 2025 7:21 AM

09:45 AM EDT, 06/23/2025 (MT Newswires) -- Alibaba Group ( BABA ) is combining its food delivery business Ele.me and travel unit Fliggy into its core e-commerce business, according to multiple media reports on Monday, citing the company's Chief Executive Eddie Yongming Wu.

The move is intended to streamline its consumer operations, according to the reports.

"Moving forward, we will increasingly optimize our business models and organizational structures from the user's perspective to create richer, higher-quality consumer experiences," Wu said in a letter to employees, according to the South China Morning Post.

Alibaba ( BABA ) did not immediately respond to a request for comment from MT Newswires.

Price: 112.12, Change: -0.76, Percent Change: -0.67

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What Happened With Cipher Mining Stock Today?
What Happened With Cipher Mining Stock Today?
Jul 15, 2024
Cipher Mining Inc. ( CIFR ) shares traded higher Monday as the price of Bitcoin (CRYPTO: BTC) climbed above $63,000.  The Details: Bitcoin began its recent rally over the weekend after Germany completed the liquidation of its Bitcoin holdings which reduced the selling pressure on the cryptocurrency. On Friday evening, a failed assassination attempt on former President Donald Trump added...
Nano Nuclear Energy Raises $18 Million From Public Offering
Nano Nuclear Energy Raises $18 Million From Public Offering
Jul 15, 2024
05:19 PM EDT, 07/15/2024 (MT Newswires) -- Nano Nuclear Energy ( NNE ) said Monday it closed an $18 million registered underwritten public offering, The portable nuclear microreactor company said it sold 900,000 shares and warrants to purchase 517,500 shares at $20 per share and associated warrant. The Benchmark Company was the book-runner. Price: 23.75, Change: -0.26, Percent Change: -1.09...
Energy Transfer Closes $2.28 Billion WTG Midstream Acquisition to Expand Footprint in Midland Basin
Energy Transfer Closes $2.28 Billion WTG Midstream Acquisition to Expand Footprint in Midland Basin
Jul 15, 2024
05:23 PM EDT, 07/15/2024 (MT Newswires) -- Energy Transfer ( ET ) said Monday it completed the acquisition of WTG Midstream Holdings for $2.28 billion in cash and about 50.8 million newly issued ET units. The acquisition is expected to potentially boost Energy Transfer's ( ET ) distributable cash flow per unit next two years, add about $0.04 per unit...
Hugo Boss cuts full year sales guidance
Hugo Boss cuts full year sales guidance
Jul 15, 2024
July 15 (Reuters) - German fashion house Hugo Boss on Monday said it cut its sales guidance for the year to a range of between 4.20 billion euros ($4.58 billion) to 4.35 billion euros from a range of 4.30 billion euros to 4.45 billion euros. ($1 = 0.9179 euros) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved