Alibaba Group, Ant Financial Group and Hungry jointly announced that Alibaba has signed an acquisition agreement and will jointly acquire Hungry for 9.5 billion US dollars. Because it is a wholly-owned acquisition, all the funds will be obtained by Zhang.

At the same time, the CEO of Ali Group announced that Zhang, the founder and CEO of Hungry, will serve as the chairman of Hungry, and concurrently serve as the special assistant for new retail strategy, responsible for strategic decision support. Wang Leyan (flower name: Kunyang), vice president of Ali Group, will be the CEO of Hungry.

The signing of this acquisition agreement indicates that Hungry will fully integrate into the new retail strategy promoted by Alibaba, expand a brand-new local life service field for Ali Ecology, and complete an important step from new retail to new consumption.

Extended data:

After the acquisition is completed, Alibaba will take catering as the entry point of local life service, take Hungry as one of the high-frequency applications of local life service, and combine word-of-mouth with data technology to empower in-store services of offline catering merchants, generate chemical reactions and form a new expansion in the field of local life service.

At the same time, the huge three-dimensional local real-time distribution network formed by take-away service will become a logistics infrastructure supporting various new retail scenes together with Ali's new retail "three kilometers ideal living circle", box horse "half-hour arrival", 24-hour family emergency service, "Tmall supermarket" and many first-line brands "online order shop two-hour delivery".

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