Alibaba Group Holding (NYSE:BABA) has launched a $1.5b bid for grocery delivery firm Pupu. The offer puts Alibaba in direct competition with Meituan, which has been expanding in fresh produce and ...

(Bloomberg) -- Alibaba Group Holding Ltd. is offering $1.5 billion to buy Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from online ...

Pupu runs a direct-sales model centred on fresh produce, using fulfilment centres that are reportedly around three times the size of the industry average, housed in lower-cost locations.

HONG KONG -- Chinese e-commerce leader Alibaba Group is weighing an acquisition of Fujian-based on-demand fresh grocery delivery platform Pupu, a move that could bolster its competitiveness against ...