Alibaba Group Holding (BABA) Announces $1.5 Billion Bid for Pupu in Grocery Delivery Market Expansion

Alibaba Group Holding Limited (NYSE:BABA) has made a $1.5 billion bid to acquire Chinese grocery delivery firm, Pupu, triggering a bidding war with rival Meituan and JD.com Inc., as all three companies compete fiercely for market share in the local commerce sector.

By Bob Karr Sun, June 21, 2026 at 2:15 PM GMT+3 1 min read · Yahoo Finance · June 21, 2026, 11:15 UTC

Tickers: $BABA $JD

Topics: Acquisition Alibaba E-commerce JD.com Meituan Pupu

Read the full article at Yahoo Finance

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