Alibaba turns to ele.me for the perfect meal

After pouring billions of dollars into a wide cross section of industries, e-commerce conglomerate Alibaba Group Holding Ltd has developed a hunger for online food delivery services.

The Hangzhou-based Alibaba plans to invest $1.25 billion in food delivery application ele.me, said a report published in leading business news site caixin.com on Friday.

The report citing anonymous sources said that Alibaba will obtain a 27.7 percent stake in ele.me, becoming the Shanghai-based app's biggest shareholder.