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Alibaba bids $1.5B for Pupu, doubling Meituan's $717M deal, intensifying China's instant commerce battle.

Market News
16 Jun 2026
Bamboo Works
View Source
Bullish
pluang ai news

Alibaba is reportedly offering $1.5 billion to acquire Pupu, a dominant online grocer in South China's Fujian province, more than double the $717 million Meituan paid for Dingdong, a national online grocer. This move highlights the fierce competition in China's instant commerce market, where companies race to deliver groceries and daily essentials quickly. Despite strong revenue growth, the sector's heavy subsidies and spending have hurt profitability for major players like Alibaba, Meituan, and JD.com. Regulatory approval is pending for these deals, and the ongoing price war shows no signs of easing, with Alibaba's high bid signaling its commitment to dominate the market.

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