Alibaba Offers $1.5B to Acquire Pupu
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2026
0mins
Alibaba (BABA) is offering $1.5B for Chinese grocery delivery company Pupu, more than double a competing $600M bid from Sun Art Retail, signaling a competitive acquisition push in the quick-commerce and grocery delivery space, Bloomberg's Cathy Chan reports, citing people familiar with the matter. Alibaba's bid for Pupu comes shortly after Meituan's (MPNGF) $717M acquisition of Dingdong Fresh, the report notes.
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Analyst Views on BABA
Wall Street analysts forecast BABA stock price to rise
15 Analyst Rating
15 Buy
0 Hold
0 Sell
Strong Buy
Current: 104.970
Low
180.00
Averages
203.09
High
230.00
Current: 104.970
Low
180.00
Averages
203.09
High
230.00
About BABA
Alibaba Group Holding Ltd is an investment holding company mainly engaged in the provision of technology infrastructure and marketing platforms. The Company operates its business through four segments. The Alibaba China E-commerce Group segment is mainly engaged in E-commerce business, including operating Tmall Supermarket and Tmall Global, providing customer management services, product sales, as well as logistics services. It also operates quick commerce business such as Taobao Instant Commerce and Ele.me, as well as the China commerce wholesale business through 1688.com. The Alibaba International Digital Commerce Group segment is mainly engaged in international commerce retail and wholesale business, operating platforms such as AliExpress, Trendyol, Lazada and Alibaba.com. The Cloud Intelligence Group segment mainly provides public and non-public cloud services. The Other segments primarily include the operations of Freshippo, Cainiao, Alibaba Health and other business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Increased Regulatory Scrutiny: Ahead of the June shopping festival, Beijing summoned major tech firms including Alibaba and Tencent to address aggressive price competition and misleading promotional claims, indicating the government's heightened vigilance over market conduct aimed at maintaining order and preventing deflationary price wars.
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