春节假期近在眼前 在线下 这几天许多店铺已结束年前营业 开始进入假期 在线上，今年各大平台 纷纷宣布"春节不打烊" 在不打烊的前提下 盒马发布通知称，春节期间（2026年2月14日0点至2月21日24点），全部用户（含X会员）通过盒马APP/盒马鲜生微信小程序/盒马支付宝小程序/淘宝小程 序/盒马作为商家入驻的其他平台下单购买[盒马鲜生/盒马mini】商品的线上配送订单，任意金额订单均按照6元/单收取基础运费；如订单商品超重，按日 常标准加收超重运费。前述期间结束后恢复日常运费标准。 对春节假期配送费用 做出了一些调整 山姆发布春节运费说明称，由于春节运力紧张，为保障线上配送服务，2026年2月11日至2月24日期间下单，山姆线上配送在现有运费基础上将每单加收3 元春节运费，用于补贴春节期间坚守岗位的配送员。 叮咚买菜表示，因春节期间运力紧张，腊月廿八0点至正月初五24点(2026年2月15日0点至2026年2月21日24点)，将与往年一致，每单额外收取3元春节服 务费。 对此 不少网友表示能够理解 "大过年的，不容易" "合情合理" 不过，也有部分平台表示 春节期间不对费用进行调整 美团外卖方面，2026年 ...

春节的脚步越来越近 小伙伴们的年货准备好了吗？ 今年 各大线上平台纷纷推出 "春节不打烊"服务 春节期间还能继续"买买买" 但部分平台对春节假期配送费 做出了一些调整 01 这些平台春节运费有变化 山姆每单加收3元 山姆发布春节运费说明称，2026年2月11日至2月24日期间下单，山姆线上配送在现有运费基础上将每单加收3元春节运费，用于补贴春节期间坚守岗位的 配送员。 奥乐齐每笔订单多收3元配送费 2026年2月15日至2月23日期间，凡通过ALDI奥乐齐商城小程序下单，每笔订单将多收取3元配送费。 盒马平时满49元免运费，2026年2月14日至2月21日期间，无论订单金额多少，每单均收6元基础运费。 盒马每单均收6元基础运费 小象超市每笔订单多收3元 预计于腊月二十八0点至正月初五24点(2026年2月15日0点-2026年2月21日24点)内送达的订单，将每单额外收取3元春节服务费。 对此，不少网友表示能够理解 "大过年的，不容易""合情合理" 叮咚买菜每单额外3元春节服务费 叮咚买菜表示，因春节期间运力紧张，腊月廿八0点至正月初五24点(2026年2月15日0点至2026年2月21日24点)，将与往年一 ...

中小供应商的真实困境与生存诉求，成了这场巨头整合中，最值得被看见的一环。核心的问题也随之而 来： 当巨头将效率推至极致，生鲜赛道生态失衡，又该如何兼顾无数从业者的生计与未来？ 01合作地位的"异化" 2026年2月，美团7.17亿美元收购叮咚买菜。 这桩生鲜行业的资本交易，牵动的远不止行业格局。当市场普遍把目光聚焦于并购后消费体验升级、赛 道规则重塑上，鲜少有人留意到，一群扎根生鲜供应链的中小供应商，正被推到生存的关口。 他们是生鲜赛道里最鲜活的从业者、产业链上的毛细血管。时至今日，此次收购所扬起的尘土，对于这 些生鲜商家们如同一座座大山。合作地位的动摇、经营压力的陡增、发展空间的挤压……让不安与焦虑 笼罩着这个群体。 生鲜供应链的"大清洗"已然开启。 每天50公斤鲜切冷鲜牛肉从库房整装发出，送往叮咚买菜的各个前置仓。 这是郑义(化名)团队与叮咚买菜合作一年半来的日常。50公斤/天，不算庞大的供货量，却让这家生鲜赛 道的小企业，在行业里站住了脚。郑义表示，当初选择叮咚买菜，就是看中平台对中小供应商有难得的 包容度： 合作流程灵活适配小厂产能，不用硬扛大厂的规模化要求；即便他们工厂日均供货量不大，也能拥有基 础 ...

2月5日，美团发布公告，宣布以7.17亿美元收购叮咚买菜。 消息一爆出，除了一线员工在社媒上表示担心工作有变动，还有很多普通人担心叮咚会因为被收购"变味"，担心自己喜欢的某款产品或系列下架、骑手配 送速度变慢，或者担心叮咚不再像过往那样常常推出有趣的新品。 科技博主@皮皮推 在微博上写道："今天，我刷到了美团收购叮咚买菜的消息……我注意到大部分网友，尤其是上海的网友都对叮咚买菜有一种特殊的感 情。" 2月7日，叮咚买菜还在小红书做出了官方回应：放轻松，小菜还是小菜。《DT商业观察》很好奇，江浙沪网友们对于叮咚买菜的"特殊感情"到底由何而 来？ 江浙沪消费者，对叮咚买菜"念念不忘" 的确，收购消息一经发出，很多IP地址在江浙沪的消费者，尤其是上海的消费者，都表达了对叮咚买菜的喜爱和不舍。 2月5日，小红书@momo发了一篇笔记《我以为对叮咚产生感情是很小众的事情》，起因是自己的一条"我真的很喜欢叮咚，一天下好几单，没事闲着就打 开看看又上什么稀奇古怪的小玩意儿了……"的留言被很多人点赞，她才发现原来有这么多人和自己一样对这个APP很有感情。 上海那三个月，只有叮咚让我吃上一口小龙虾。 前期团购还没起来的时候。我 ...

Market Overview - The Dow Jones reached a new intraday high of 50512.79 points, closing up 52.27 points or 0.10% at 50188.14 points, while the Nasdaq fell 136.20 points or 0.59% to 23102.47 points, and the S&P 500 dropped 23.01 points or 0.33% to 6941.81 points [1] - The latest retail sales report indicated that consumer spending in December remained flat, below economists' expectations of a 0.4% monthly increase, following a 0.6% increase in November [5] Cryptocurrency - Bitcoin fell below $70,000, down over 2% to $68,698, while Ethereum dropped 4.5% to $2,010 [3] Commodities - WTI crude oil prices decreased by 0.6% to $63.96 per barrel, and Brent crude oil fell by 0.4% to $68.80 per barrel [4] Retail Sales - U.S. retail sales unexpectedly stagnated in December, indicating cautious consumer spending as the holiday season concluded, with 8 out of 13 retail categories showing declines [5] Loan Default Rates - The U.S. loan default rate surged to 4.8%, the highest level since 2017, driven by increased defaults among low-income and young borrowers [6] Federal Reserve Insights - Federal Reserve officials expressed cautious optimism regarding current interest rates, indicating no urgent need for rate adjustments while acknowledging persistent inflation risks [7][8] Corporate Developments - Boeing plans to increase the monthly production of its 737 aircraft to 63 units within the next few years, which is crucial for improving its financial situation [11] - Stellantis is seeking to exit its joint battery venture with Samsung in the U.S., amid efforts to reduce electric vehicle investments and preserve cash [12] Stock Ratings - Morgan Stanley maintains a neutral rating on Tesla with a target price of $415 [13] - Deutsche Bank raised Micron Technology's target price from $300 to $500 [14]

Market Overview - The Dow Jones reached an intraday record high of 50,512.79 points, closing up 52.27 points or 0.10% at 50,188.14 points, while the Nasdaq fell 136.20 points or 0.59% to 23,102.47 points, and the S&P 500 dropped 23.01 points or 0.33% to 6,941.81 points [1] - The latest retail sales report indicated that consumer spending in December remained flat, below economists' expectations of a 0.4% monthly increase, following a 0.6% increase in November [5] Cryptocurrency - Bitcoin fell below $70,000, down over 2% to $68,698, while Ethereum dropped 4.5% to $2,010 [3] Commodities - Gold prices decreased by 0.74% to $5,022.97, with a significant correction following a previous surge, while silver was priced at $80.818 per ounce [3] - WTI crude oil prices fell by 0.6% to $63.96 per barrel, and Brent crude oil dropped by 0.4% to $68.80 per barrel [4] Economic Indicators - The U.S. retail sales unexpectedly stagnated in December, indicating cautious consumer spending as the holiday season concluded, with 8 out of 13 retail categories showing declines [5] - The U.S. loan default rate surged to 4.8%, the highest level since 2017, driven by increased defaults among low-income and young borrowers [6] Federal Reserve Insights - Federal Reserve officials expressed cautious optimism regarding current interest rates, with no immediate need for rate adjustments, while acknowledging persistent inflation concerns [7][8] Corporate News - Boeing plans to increase the monthly production of its 737 aircraft to 63 units, which is crucial for improving its financial situation [11] - Stellantis is seeking to exit its joint battery venture with Samsung in the U.S., amid a strategic shift to conserve cash and reduce electric vehicle-related losses [12] - Morgan Stanley maintained a neutral rating on Tesla with a target price of $415 [13]

Core Viewpoint - The upcoming Spring Festival is expected to create a peak in online consumption and a tight logistics capacity, leading major delivery companies to commit to continuous service during the holiday while also raising delivery fees. Group 1: Delivery Companies' Commitments - Major delivery companies including SF Express, JD Logistics, YTO, Shentong, Zhongtong, and Yunda have announced they will operate during the Spring Festival, promising uninterrupted delivery services [1] - SF Express will charge an additional 3 yuan per order as a "Spring Festival fee" for online orders placed between February 11 and February 24, 2026 [1] - YTO, Shentong, and other major express companies have also committed to "not closing" during the holiday but will implement a "resource adjustment fee" [12] Group 2: Retail Platforms' Fee Adjustments - Fresh retail platforms such as Sam's Club, Hema, Dingdong Maicai, and Yonghui Supermarket have announced service fees ranging from 3 to 6 yuan per order during the Spring Festival [1] - Hema will adjust its delivery fee to a base of 6 yuan per order from February 14 to 21, 2026, while maintaining the same fee structure as previous years for members [1] - Dingdong Maicai will charge an additional 3 yuan service fee for orders placed from February 15 to February 21, 2026 [4] Group 3: Consumer Reactions and Other Platforms - Most consumers have expressed understanding of the additional service fees, with comments in support of the adjustments being prevalent [11] - Platforms like Meituan Waimai, Taobao Shanguo, and JD have announced they will not raise delivery fees for consumers during the Spring Festival, instead investing billions to subsidize riders and frontline employees [12] - Meituan Waimai plans to incentivize riders through cash rewards and benefits, while Taobao Shanguo will invest nearly 2 billion yuan in rider subsidies from February 4 to March 3 [12]

Core Viewpoint - The upcoming Spring Festival period is expected to see a surge in online consumption, leading to increased service fees from various fresh food retail platforms due to tight delivery capacity during this peak time [1]. Group 1: Fresh Food Retail Platforms - Sam's Club will charge an additional 3 yuan per order for online deliveries from February 11 to February 24, 2026, to support delivery personnel during the Spring Festival [2]. - Hema will implement a flat delivery fee of 6 yuan per order for all online purchases from February 14 to February 21, 2026, regardless of order amount, with additional charges for overweight items [2]. - Dingdong Maicai will also charge an extra 3 yuan service fee per order from February 15 to February 21, 2026, due to delivery capacity constraints [5]. - Yonghui Supermarket will apply a 3 yuan service fee for all online orders from February 15 to February 21, 2026, across its platforms [7]. Group 2: Courier Companies - Several courier companies, including SF Express, JD Logistics, and Deppon Express, have announced measures to ensure delivery services during the Spring Festival, with some implementing a "resource adjustment fee" due to increased operational costs [10]. - SF Express will charge a resource adjustment fee ranging from 0.1 to 1.5 yuan per kilogram for certain shipments from January 19 to February 15, 2026, and will adjust service fees during the Spring Festival period [10]. - Deppon Express will also impose a dynamic adjustment service fee from January 19 to February 14, 2026, and additional fees during the Spring Festival, with varying rates for long-term cooperative clients [13]. - JD Logistics will introduce a peak period resource adjustment fee during the Spring Festival from February 16 to February 23, 2026 [14].

Group 1 - The Nasdaq China Golden Dragon Index increased by over 0.5% on February 10 [1] - Dingdong Maicai saw a significant rise of 16.97% [1] - Xinyi Technology rose by 2.52% [1] - 360 DigiTech increased by 2.14% [1] - Tencent Music experienced a growth of 2.15% [1] - Zhihu's stock went up by 2.09% [1]

Core Viewpoint - Dingdong (Cayman) Limited plans to use a substantial majority of the proceeds from the sale of its China operations for share repurchases and/or dividends to shareholders upon closing the transaction with Meituan [1][2] Group 1: Transaction Details - Dingdong has entered into a definitive Share Purchase Agreement with Two Hearts Investments Limited, a subsidiary of Meituan, to sell all issued and outstanding shares of Dingdong Fresh Holding Limited for a cash consideration of US$717 million [1] - The company expects to receive up to US$997 million in cash proceeds from the transaction, subject to adjustments based on net cash and working capital thresholds [1] - The final adjusted consideration will be paid in two installments: 90% at closing and the remaining 10% after tax settlements related to the transaction [1] Group 2: Conditions for Closing - The transaction is subject to various conditions, including shareholder approval, anti-monopoly clearance from the State Administration for Market Regulation of China, and completion of necessary tax filings [1][2] - Specific conditions include the completion of a pre-closing inventory check, obtaining consents from loan institutions, and passing resolutions by the boards and shareholders of Dingdong BVI and Dingdong Cayman [2] Group 3: Future Plans - Upon successful closing of the transaction, the company intends to utilize not less than 90% of its cash balance for share repurchase plans and/or dividends, with terms to be determined post-closing and subject to board approval [1] - There is no assurance that the transaction will close or that any share repurchase plans or dividends will be executed [1]