Chinese investors are pouring billions into delivery startups

Be it delivering electronics or picking up laundry, there’s just something about delivery startups that attracts hundreds of millions of dollars from Chinese investors. The latest startup to benefit from this is Ele.me, which just announced that it has secured $630 million in a series F funding round that was led by. CITIC Capital. Ele.me is a Shanghai-based company that, you guessed it, delivers stuff, specifically meals, and has raised a total of $1.09 billion in funding since it was founded back in 2009.