Industry News Update – Week of 4/2/2018:

Last week, Alibaba purchased Ele.me's outstanding shares in a deal that valued Ele.me at $9.5 billion. This acquisition will allow Alibaba to provide Ele.me's food delivery service to more customers using its extensive network of businesses and its technical infrastructure.

Circle appointed Naeem Ishaq as the company's CFO. He previously worked as the CFO of Boxed, Head of Finance & Strategy at Square and held numerous Finance Manager related positions at Salesforce.

Uber plans to shut down its UberRush delivery service on June 30th, 2018.

The news articles and links presented below are available for your reference.

CIRCLE

"Crypto Startup Circle Hires a Square Vet as CFO"

ELE.Me

"Alibaba to buy all remaining outstanding shares of local delivery service Ele.me"

UBER

"Uber is shutting down its on-demand delivery service, UberRush"