TECH NEWS

Alibaba is offering $1.5 billion for China’s last big independent grocer. The bidding war with Meituan is on.

https://media.thenextweb.com/2026/06/alibaba-1-5-billion-pupu-grocery-meituan-fight.avif

Alibaba Group is offering $1.5 billion to acquire Pupu, one of China’s last independent online grocery platforms, according to Bloomberg. The bid is more than double a $600 million proposal from Sun Art Retail, the former Alibaba affiliate now backed by private equity firm DCP Capital.

The move comes months after Meituan agreed to pay $717 million for the China business of rival Dingdong Fresh, a deal still awaiting antitrust approval. Pupu is among the last sizable independent grocery delivery companies in the country.

Why Pupu matters

Pupu operates a 30-minute delivery network covering roughly 10 cities across Fujian, Guangdong, Sichuan, and Hubei provinces. It generates annual revenue reportedly exceeding 30 billion yuan (approximately $4.2 billion), making it one of the most valuable remaining targets in China’s instant retail market.

The platform stocks fresh food, daily essentials, and fast-moving consumer goods in local warehouses. For Alibaba, buying Pupu would...

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