Ele.me, China’s leading online food delivery and local services platform says it has acquired Baidu Waimai, the food delivery arm of Internet giant Baidu Inc. for US$800 million. The merger is seen as part of Ele.me’s campaign to drive consolidation of the Chinese online food delivery industry. The platform operates in over 2,000 cities and collaborates with more than 1.3 million merchants. Ele.me will pay US$200 million in cash and issue US$300 million in shares to Baidu Waimai to complete …

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