Alibaba Said to Buy Out Baidu, Other Investors in Ele.me

The video discusses Alibaba's strategy to enhance its last mile delivery network by buying out investors in the Chinese food delivery startup Ele.me. This move is part of a larger competition with Tencent, as both companies dominate the food delivery market in China. Jack Ma aims to integrate online and offline retail through investments in logistics and cashier-less supermarkets, similar to Amazon's approach in the U.S. Alibaba's focus is on improving distribution to homes, leveraging its logistics partners and new retail concepts.

What was the valuation of the food delivery startup mentioned in the text?

What role do Houma supermarkets play in Alibaba's logistics strategy?