Alibaba Group completed the acquisition of Keruyun.

Alibaba Group, a provider of online and mobile commerce businesses, through its subsidiary Alibaba Local Life Services, completed the acquisition of Keruyun, a Beijing-based intelligent catering management solutions provider. Financial terms were not disclosed. “We share an identical goal, which is to help local life service merchants reduce costs and increase revenues. It is an inevitable trend in the local life service industry to realize the digital reconstruction by combining online and offline operations and upgrading both their software and hardware,” Wang Lei, Alibaba Local Life Service President.