---
title: "It is reported that Alibaba, JD.com, and Meituan are competing to acquire Pupu Supermarket, with a valuation potentially reaching 5 billion USD"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287586530.md"
description: "In response to this news, JD.com stated to the media, \"JD.com has no such plans and has not contacted the company,\" while Alibaba and Meituan have not yet responded officially"
datetime: "2026-05-26T05:50:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287586530.md)
  - [en](https://longbridge.com/en/news/287586530.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287586530.md)
---

# It is reported that Alibaba, JD.com, and Meituan are competing to acquire Pupu Supermarket, with a valuation potentially reaching 5 billion USD

According to reports from the media, three major internet giants Alibaba (09988), Meituan (03690), and JD.com (09618) are deeply involved in bidding for the fresh e-commerce platform "Pupu Supermarket," with a valuation price range of $2 billion to $5 billion, more than double the $717 million acquisition case of Dingdong Maicai, setting a new high for merger and acquisition valuations in the fresh produce industry.

Insiders revealed that Alibaba has dispatched an audit team to Pupu Supermarket to conduct due diligence; Xu Xin, founder of Today Capital, is representing JD.com in the negotiations; Meituan has been continuously raising its bid during the bidding process, intensifying the competition among the three parties for quality front warehouse assets. Pupu Supermarket responded that there is currently no further information available internally.

In response to this news, JD.com stated to the media, "JD.com has no such plans and has not contacted the company," while Alibaba and Meituan have not yet responded officially.

Public information shows that Pupu Supermarket was founded in 2016 in Fuzhou and is a mobile internet shopping platform for 30-minute instant delivery, covering cities such as Fuzhou, Xiamen, Shenzhen, Guangzhou, Wuhan, and Chengdu, operating with a large front warehouse model, with an average warehouse area of about 1,000 square meters and more than 400 front warehouses nationwide.

According to estimates by Changjiang Securities, the landscape of the front warehouse track will be relatively clear by 2025, with Xiaoxiang Supermarket holding a market share of about 25%-30%, Hema 20%-25%, Dingdong Maicai 15%-18%, and Pupu Supermarket ranking in the first tier with a market share of 12%-15%, having significant advantages in the core markets of South and Central China

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