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Alibaba Bids $1.5 Billion for China Grocer in Fight With Meituan

Bloomberg Tech · Jun 12, 2026, 12:54 AM · Also reported by 1 other source

Alibaba Group Holding Ltd. is offering $1.5 billion to acquire Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from Meituan in online commerce.

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Investing.com Alibaba offers $1.5 bln to buy Chinese grocer Pupu, Bloomberg reports

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Alibaba Bids $1.5 Billion for China Grocer in Fight With Meituan

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