<div id="readability-page-1"><div>BABA-W (09988.HK) +0.600 (+0.472%) Short selling $961.22M; Ratio 11.256% , MEITUAN-W (03690.HK) -2.350 (-2.889%) Short selling $1.17B; Ratio 36.108% and JD-SW (09618.HK) -2.500 (-2.054%) Short selling $370.10M; Ratio 36.791% are wrestling to acquire front-warehouse fresh e-commerce platform Pupu Supermarket, according to hearsay. BABA-W reportedly dispatched an audit team to Pupu Supermarket.Xu Xin of Capital Today is said to be participating in talks with Pupu Supermarket on behalf of JD-SW, while MEITUAN-W is aggressively raising its bid. Pupu Supermarket is valued at between USD2 billion and USD5 billion.However, Sina Tech cited JD-SW as saying that it has no such plan and has not been in contact with the company. BABA-W and MEITUAN-W have not responded to inquiries for the time being. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)</div></div>

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BABA-W, MEITUAN-W, and JD-SW are reportedly competing to acquire Pupu Supermarket, valued between USD2 billion and USD5 billion. BABA-W has sent an audit team, while JD-SW's Xu Xin is involved in negotiations. MEITUAN-W is increasing its bid. However, JD-SW has denied any plans or contact with Pupu Supermarket. No responses have been received from BABA-W and MEITUAN-W regarding inquiries.

- BABA-W, MEITUAN-W, and JD-SW are reportedly competing to acquire Pupu Supermarket, valued between USD 2 billion and USD 5 billion.  
- BABA-W has sent an audit team, while JD-SW's Xu Xin is allegedly involved in negotiations, and MEITUAN-W is increasing its offer.  
- JD-SW has denied any plans or contact regarding the acquisition, and BABA-W and MEITUAN-W have not yet commented.

BABA-W, MEITUAN-W, JD-SW Reportedly Wrestling for Pupu Supermarket