Alibaba Group is offering $1. 5 billion to acquire Pupu, one of China’s last independent online grocery platforms, according to Bloomberg. The bid is more than double a $600 million proposal from Sun Art Retail, the former Alibaba affiliate now backed by private equity firm DCP Capital.
Source: [TNW](https://thenextweb.com/news/alibaba-1-5-billion-pupu-grocery-meituan-fight)