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BABA-W, MEITUAN-W, JD-SW Reportedly Wrestling for Pupu Supermarket
BABA-W (09988.HK), MEITUAN-W (03690.HK) and JD-SW (09618.HK) are wrestling to acquire front-warehouse fresh e-commerce platform Pupu Supermarket, according to hearsay. BABA-W repor...
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BABA-W, MEITUAN-W, JD-SW Reportedly Wrestling for Pupu Supermarket
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BABA-W (09988.HK)  +0.600 (+0.472%)    Short selling $1.50B; Ratio 14.413%   , MEITUAN-W (03690.HK)  -2.550 (-3.135%)    Short selling $1.32B; Ratio 25.004%   and JD-SW (09618.HK)  -3.100 (-2.547%)    Short selling $797.74M; Ratio 48.606%   are wrestling to acquire front-warehouse fresh e-commerce platform Pupu Supermarket, according to hearsay. BABA-W reportedly dispatched an audit team to Pupu Supermarket.

Xu Xin of Capital Today is said to be participating in talks with Pupu Supermarket on behalf of JD-SW, while MEITUAN-W is aggressively raising its bid, sources divulged. Pupu Supermarket is valued at between USD2 billion and USD5 billion.

Related News Jefferies: China Open-Source Models Lag US Leading Closed-Source Models by Only 3-6 Months; TENCENT (00700.HK), BABA-W (09988.HK) Have Competitive Edge in Consumer Traffic
However, Sina Tech cited JD-SW as saying that it has no such plan and has not been in contact with the company. BABA-W and MEITUAN-W have not responded to inquiries for the time being.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-26 16:25.)

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