Alibaba Bendi Shenghuo Fuwu Gongsi, founded in 2018 and headquartered in Beijing, China, has raised approximately $4 billion in private equity funding led by Alibaba Group and SoftBank Vision Fund. With its key businesses Ele.me and Koubei, the company operates one of China’s largest local services and on-demand delivery platforms, offering food delivery and restaurant discovery services. Supported by investors including Ant Group and Primavera Capital, the company holds a valuation near $30 billion and continues expanding its technology and service offerings in the Chinese local commerce market.