Fuzhou Pupu E-Commerce Co., Ltd
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Fuzhou Pupu E-Commerce Co., Ltd - overview
Established
2016
Location
Fuzhou, Fujian, China
Primary Industry
Retail
About
Established in 2016 and based in Fuzhou, China, Fuzhou Pupu E-Commerce Co. , Ltd operates grocery stores and provides a mobile application that allows users to get fresh food with its delivery services. At present, the company main markets are in Fuzhou, Xiamen, Shenzhen, Guangzhou, Wuhan, and Chengdu, and has more than 30,000 employees. In June 2026, Alibaba Group agreed to acquire Fuzhou Pupu E-Commerce Co.
, Ltd. for USD1. 5 billion. The company provides customers with fast delivery services of daily necessities such as fruits and vegetables, meat, poultry, eggs, milk, seafood and aquatic products, grain and oil seasonings.
The company is main business is Internet sales, meat products and by-product processing, software development, data processing and storage support services. The company's revenue is generated by operating grocery stores and providing a mobile application.
Current Investors
IDG Capital
Primary Industry
Retail
Sub Industries
Courier & Delivery Services, Food, Supermarkets & Grocery Stores
Website
www.pupumall.com
Verticals
E-commerce, Mobile Apps
Total Amount Raised
Subscriber access only
Fuzhou Pupu E-Commerce Co., Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Announced | Fuzhou Pupu E-Commerce Co., Ltd | - | ||||||||
| Unspecified Round | Completed | Fuzhou Pupu E-Commerce Co., Ltd | - | ||||||||
| Series B | Completed | Fuzhou Pupu E-Commerce Co., Ltd | - | ||||||||
| Series B | Completed | Fuzhou Pupu E-Commerce Co., Ltd | - | ||||||||
| Unspecified Round | Completed | Fuzhou Pupu E-Commerce Co., Ltd | - |
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