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Source: Getty Images

Alibaba is in talks to acquire the 60% stake it does not already own in Chinese food ordering and delivery platform Ele.me, according to the FT. The deal could value Ele.me at upwards of $9.5 billion, while sellers would include Baidu, Horizon Ventures and Sequoia Capital China.

Why it matters: Because this would provide Alibaba with its first in-house delivery workers and logistics network, things that global rival Amazon already has and is learning from.

More from the FT:

Should the deal go through, Alibaba would become one of the country’s largest players in food delivery, rivaled only by online-to-offline services platform Meituan Dianping, which is backed by Alibaba’s competitor, Tencent. China’s food delivery market was valued at $32.5 billion in 2017, according to the China Cuisine Association, an industry group.

Go deeper

Bryan Walsh, author of Future
59 mins ago - Health

Schools face an uphill battle to reopen during the pandemic

Illustration: Aïda Amer/Axios

President Biden's plan to accelerate the reopening of K-8 schools faces major challenges from a still out-of-control pandemic and more contagious coronavirus variants.

Why it matters: The longer American kids miss in-person schooling, the further they fall behind. But the uncertain state of the science on the role young children play in the pandemic continues to complicate efforts to reopen schools.

Focus group: Former Trump voters say he should never hold office again

Illustration: Sarah Grillo/Axios

"Relief" is the top emotion some swing voters who used to support Donald Trump say they felt as they watched President Biden's swearing-in, followed by "hope."

Why it matters: For voters on the bubble between parties, this moment is less about excitement for Biden or liberal politics than exhaustion and disgust with Trump and a craving for national healing. Most said Trump should be prohibited from ever holding office again.

Updated 15 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Politics: Biden unveils "wartime" COVID strategyBiden's COVID-19 bubble.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong to put tens of thousands on lockdown as cases surge.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
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