--- title: "It is reported that Alibaba plans to invest $1.5 billion to acquire Pupu Supermarket" type: "News" locale: "en" url: "https://longbridge.com/en/news/289725216.md" description: "On June 12, market news reported that Alibaba plans to invest $1.5 billion (approximately 10.1 billion RMB at current exchange rates) to acquire Pupu Supermarket. The report cited informed sources indicating that Alibaba's offer is more than double that of SUNART RETAIL, which may trigger a bidding war. However, as of now, neither Alibaba nor Pupu Supermarket has responded to this. At the end of May, media reports indicated that Alibaba, Meituan, and JD.com were deeply involved in the bidding, with Pupu Supermarket's valuation range rising to $2 billion (approximately 13.5 billion RMB) to $5 billion (approximately 33.8 billion RMB); JD.com subsequently denied participation, and Meituan has not responded. It is understood that Pupu Supermarket was established in 2016, and the company has not rapidly expanded but has steadily developed its market, currently covering cities such as Fuzhou, Xiamen, Shenzhen, Guangzhou, Wuhan, Chengdu, and Foshan. Market analysis suggests that currently, Alibaba's Taobao convenience stores mainly cover categories such as daily necessities, beauty products, and alcoholic beverages, while Hema plans to open 1,000 front warehouses by 2026, focusing on fresh produce; Pupu Supermarket, on the other hand, has mature regional operational experience in the fresh produce front warehouse sector, which perfectly fills the gap in Alibaba's supply landscape" datetime: "2026-06-15T03:42:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289725216.md) - [en](https://longbridge.com/en/news/289725216.md) - [zh-HK](https://longbridge.com/zh-HK/news/289725216.md) --- # It is reported that Alibaba plans to invest $1.5 billion to acquire Pupu Supermarket According to the Zhitong Finance APP, on June 12, market news reported that Alibaba (09988) plans to invest $1.5 billion (approximately 10.1 billion RMB at current exchange rates) to acquire Pupu Supermarket. The report cited informed sources stating that Alibaba's offer is more than double that of SUNART RETAIL, which may trigger a bidding war. However, as of now, neither Alibaba nor Pupu Supermarket has responded to this. At the end of May, media reports indicated that Alibaba, Meituan, and JD.com were deeply involved in the bidding, with Pupu Supermarket's valuation range rising to $2 billion (approximately 13.5 billion RMB) to $5 billion (approximately 33.8 billion RMB); JD.com subsequently denied participation, and Meituan has not responded. It is understood that Pupu Supermarket was established in 2016, and the company has not rapidly expanded but has steadily developed its market, currently covering cities such as Fuzhou, Xiamen, Shenzhen, Guangzhou, Wuhan, Chengdu, and Foshan. Market analysis suggests that currently, Alibaba's Taobao convenience stores mainly cover categories such as daily necessities, beauty products, and alcoholic beverages, while Hema plans to open 1,000 front warehouses by 2026, focusing on fresh produce; Pupu Supermarket has mature regional operational experience in the fresh produce front warehouse sector, which perfectly fills the gap in Alibaba's supply map ### Related Stocks - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [06808.HK](https://longbridge.com/en/quote/06808.HK.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [KJD.US](https://longbridge.com/en/quote/KJD.US.md) - [BABO.US](https://longbridge.com/en/quote/BABO.US.md) - [BABU.US](https://longbridge.com/en/quote/BABU.US.md) - [BABW.US](https://longbridge.com/en/quote/BABW.US.md) - [BBYY.US](https://longbridge.com/en/quote/BBYY.US.md) - [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md) - [89988.HK](https://longbridge.com/en/quote/89988.HK.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [83690.HK](https://longbridge.com/en/quote/83690.HK.md) - [HMTD.SG](https://longbridge.com/en/quote/HMTD.SG.md) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) ## Related News & Research - [Elliott mulls $2.67 billion takeover of UK's The Very Group, Sky News reports](https://longbridge.com/en/news/289473772.md) - [BREAKINGVIEWS-China tech key-man risk has its own flavour](https://longbridge.com/en/news/289269510.md) - [US adds Chinese solar, battery firms to list of military-linked companies](https://longbridge.com/en/news/289283767.md) - [09:10 ETAlibaba's Amap Unveils ABot-Earth0.5 3D Native World Model for City-Scale Modeling](https://longbridge.com/en/news/289061340.md) - [Golden Web3.0 Daily Report | Binance Wallet Launches Prediction Market API](https://longbridge.com/en/news/289067924.md)