Alibaba in Talks to Acquire Chinese Grocery Delivery Platform Pupu

Alibaba Group (BABA) is reportedly negotiating the acquisition of on-demand grocery delivery company Pupu for $1.5 billion, according to a Nikkei Asia report. The deal could surpass Meituan's recent purchase of Dingdong Maicai and would expand Alibaba’s presence in China's fast-growing fresh-grocery market.

By Shubhendu Vimal Tue, June 16, 2026 at 12:26 PM GMT+3 2 min read · Yahoo Finance · June 16, 2026, 09:26 UTC

Alibaba in Talks to Acquire Chinese Grocery Delivery Platform Pupu

Tickers: $BABA

Topics: Alibaba grocery delivery M&A Pupu

Read the full article at Yahoo Finance

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