Alibaba accelerates delivery infrastructure with billion-dollar offer for Pupu
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Alibaba offers $1.5 billion for the independent food delivery service Pupu. The company is responding to competitor Meituan and securing established cold chain logistics. The goal is to stabilize market shares in e-commerce while considering regulation. Strategic realignment in local trade The Alibaba Group Holding Ltd. (BABA) is systematically advancing its plans in the competitive Chinese food delivery market. According to a Bloomberg report from June 12, 2026, the company has made a $1.5 billion offer for the acquisition of the delivery...
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