Alibaba has offered $1.5 billion to acquire Chinese fresh-grocery delivery platform Pupu Supermarket, part of a broader push to capture online commerce share from Meituan, people familiar with the matter said. The proposed price is more than double a

2026-06-12

Alibaba has offered $1.5 billion to acquire Chinese fresh-grocery delivery platform Pupu Supermarket, part of a broader push to capture online commerce share from Meituan, people familiar with the matter said. The proposed price is more than double a prior bid from Gaoxin Retail.