Alibaba Offers $1.5 Billion to Buy Grocery Delivery Firm Pupu
2026-06-12 01:09:51
Alibaba Group Holding Ltd. is offering $1.5 billion to acquire Chinese grocery delivery firm Pupu, kicking off a bidding war as it seeks to take market share from Meituan in online commerce, according to Bloomberg.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
STOCKS | Hong Kong ADRs Rise 306 Points; HSI Night Futures Up 213Next article：
股票市场 | 华健未来(6132)今起招股，拟6月23日上市
