--- title: "Alibaba bids $1.5B for grocer Pupu, doubling Sun Art offer" url: https://daily.dev/posts/alibaba-bids-1-5b-for-grocer-pupu-doubling-sun-art-offer-nasq9s6ds source_url: https://thenextweb.com/news/alibaba-1-5-billion-pupu-grocery-meituan-fight type: article source: "The Next Web" published: 2026-06-12T10:28:02.202Z updated: 2026-06-12T10:28:22.336Z tags: ["business", "ecommerce", "alibaba"] reading_time: 4 upvotes: 0 comments: 0 language: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Alibaba bids $1.5B for grocer Pupu, doubling Sun Art offer **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary Alibaba is bidding $1.5 billion to acquire Pupu, one of China's last independent online grocery platforms, outbidding a $600 million offer from Sun Art Retail. The move intensifies Alibaba's competition with Meituan and JD.com in China's instant delivery market, where the three giants have reportedly burned 150 billion yuan in subsidies over the past year. Pupu operates a 30-minute delivery network across 10 cities with annual revenue exceeding 30 billion yuan. The bid signals Alibaba's strategic pivot from physical hypermarkets to instant delivery infrastructure, even as Beijing's market regulator scrutinizes the sector for anti-competitive practices. Meituan shares fell 3.1% on the news while Alibaba gained 3.5%. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Grab to buy Foodpanda Taiwan from Delivery Hero for $600 million](https://daily.dev/posts/grab-to-buy-foodpanda-taiwan-from-delivery-hero-for-600-million-5fxyqcnxo) · TechCrunch · 0 upvotes · 0 comments - [Alibaba integrates Qwen AI with Taobao for end-to-end agentic shopping](https://daily.dev/posts/alibaba-integrates-qwen-ai-with-taobao-for-end-to-end-agentic-shopping-ennj0q3tn) · The Next Web · 0 upvotes · 0 comments - [China leads the agentic commerce race as Alibaba, Meituan, and JD.com deploy AI shopping agents at scale](https://daily.dev/posts/china-leads-the-agentic-commerce-race-as-alibaba-meituan-and-jd-com-deploy-ai-shopping-agents-at-s-puvkpnmmy) · The Next Web · 0 upvotes · 0 comments - [Alibaba and its US payment processor will pay 600 million dollars to settle a DOJ probe into illegal drug sales](https://daily.dev/posts/alibaba-and-its-us-payment-processor-will-pay-600-million-dollars-to-settle-a-doj-probe-into-illegal-h1r7mfwwk) · The Next Web · 0 upvotes · 0 comments - [China just told its tech giants to stop fighting on price and start investing in AI](https://daily.dev/posts/china-just-told-its-tech-giants-to-stop-fighting-on-price-and-start-investing-in-ai-krdbk2lda) · The Next Web · 0 upvotes · 0 comments --- Tags: [#business](https://daily.dev/tags/business), [#ecommerce](https://daily.dev/tags/ecommerce), [#alibaba](https://daily.dev/tags/alibaba) [View this post on daily.dev](https://daily.dev/posts/alibaba-bids-1-5b-for-grocer-pupu-doubling-sun-art-offer-nasq9s6ds)