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الاقتصادية
Alibaba proposes $1.5B for Chinese grocery firm
Alibaba Group has announced an offer worth $1.5 billion to acquire Chinese grocery delivery company Buboo, amid intense competition with Meituan, which recently purchased Dingdong Fresh for $717 million. This rivalry highlights the escalating competition among China's biggest e-commerce giants striving for dominance in the domestic retail and fresh produce markets. Buboo is one of the few independent companies in China's online grocery sector, and the potential acquisition comes amidst efforts to curb price wars and reduce market concentration.
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