Alibaba just invested $1.25 billion into this food delivery startup

Anyone who’s looked at investment trends in China over the last couple of years has probably noticed that investors there really, REALLY like delivery startups. Billions of dollars are being poured into everything from laundry delivery startups to food delivery startups, and Alibaba just spent $1.25 to acquire a 27.7% stake in one of the latter. Known as Ele.me, the food delivery startup has already raised $350 million from a number of investors, but this investment makes Alibaba the largest shareholder.