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Ele.me CEO Yu Yongfu addresses rumors of potential acquisition by ByteDance’s Douyin

In a message to all employees, Yu Yongfu, CEO of Ele.me, sought to quash the rumors before they escalate further.

4 mins read
  • To categorize the recent layoffs merely as a cost-cutting measure might risk oversimplifying the more nuanced strategy that Alibaba is implementing at Lazada.

    Insights

    What’s next for Alibaba’s Lazada after the recent layoffs?

    6 mins read

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