Core Viewpoint - Meituan announced the acquisition of DINGDONG FRESH HOLDING LIMITED for an initial price of $717 million (approximately 5 billion RMB), with adjustments possible [1] Group 1: Acquisition Details - The acquisition involves the parent company of Shanghai Yibai Mi Network Technology Co., Ltd., which operates DINGDONG MAICAI [2] - The agreement allows the seller to withdraw up to $280 million from the target group, provided that the net cash of the target group remains above $150 million [1] Group 2: Business Operations - DINGDONG MAICAI's overseas business will not be included in this transaction and will be divested before the closing [4] - DINGDONG MAICAI, founded in 2017, is a leading fresh food instant retail platform in China, known for its "delivery in as fast as 29 minutes" service [4] - The company achieved a record quarterly revenue of 6.66 billion RMB in Q3 2025, with a net profit of 80 million RMB, marking seven consecutive quarters of profitability under GAAP standards [4] Group 3: Market Reaction - DINGDONG MAICAI's stock (DDL.N) saw a pre-market surge of nearly 10%, later stabilizing at a 4% increase, with a current market value of $694 million [4] - Meituan's stock rose by 1.79% in the Hong Kong market, with a latest market capitalization of 573.3 billion HKD [5]

Core Viewpoint - Meituan plans to acquire Dingdong Maicai, a leading fresh e-commerce company in mainland China, for $717 million, with the deal expected to enhance Meituan's market position in the fresh food sector [3]. Acquisition Details - The acquisition involves the purchase of all issued shares of Dingdong Maicai, with a provision allowing the seller to withdraw up to $280 million from the target group, provided that the net cash remains above $150 million [3]. - Dingdong Maicai's overseas business will be excluded from the transaction and will be divested prior to closing [3]. - Following the acquisition, Dingdong Maicai will become a wholly-owned subsidiary of Meituan, and its financial results will be consolidated into Meituan's financial statements [3]. Financial Implications - Existing shareholders of Dingdong Maicai could receive up to $997 million as part of the acquisition [3]. - Dingdong Maicai has achieved profitability for 12 consecutive quarters, marking it as a leading profitable player in the industry [9]. Strategic Rationale - Dingdong Maicai has established strong supply chain capabilities, with over 85% of fresh produce sourced directly and significant growth in various product categories [9]. - The merger is expected to enhance both companies' competitive advantages, allowing them to serve a broader market and improve customer experience [9][10]. Leadership Communication - Dingdong Maicai's founder, Liang Changlin, emphasized the importance of stability for employees and the continuity of operations post-acquisition [6][11]. - The internal communication reassured staff about their job security and the potential for career growth within the larger Meituan ecosystem [12]. Market Reaction - Following the announcement, Meituan's stock rose by 1.79%, valuing the company at HKD 573.3 billion, while Dingdong Maicai's stock increased by nearly 5%, with a market capitalization of $760 million [17].

Group 1 - The core point of the article is that Meituan announced the acquisition of Dingdong Maicai for an initial amount of $717 million, with a total valuation of approximately $1 billion, making Dingdong Maicai a wholly-owned subsidiary of Meituan [1] - The agreement allows the transferor to withdraw up to $280 million from Dingdong Maicai, provided that Dingdong maintains a net cash balance of no less than $150 million [1] - Dingdong Maicai is recognized as a leading fresh e-commerce platform in China, with plans to operate over 1,000 front warehouses and over 7 million monthly active users by September 2025 [1] Group 2 - The acquisition will integrate Dingdong Maicai's financial performance into Meituan's financial statements, enhancing Meituan's capabilities in the grocery retail sector [1] - Meituan aims to strengthen its product power, technology, and operational synergy in the grocery retail field, aligning with its strategy of helping people eat better and live better [1]

（文/霍东阳 编辑/张广凯） 2月5日，美团于香港联交所发布公告，将以约7.17亿美元的初始对价，完成对叮咚买菜中国业务100% 股权的收购。 观察者网获悉，叮咚买菜创始人兼CEO梁昌霖今日发布题为《致叮咚买菜全体同事的一封信》的全员内 部信，正式宣布公司已与美团签署出售协议。信中，他回顾了叮咚买菜8年多的创业历程，阐述选择美 团的原因，并对员工的未来安排作出回应。 梁昌霖在信中回顾，叮咚买菜于2017年入局生鲜电商赛道，是上海当时最晚的一家。公司以"活鱼活虾 送到家、29分钟极速送达"的差异化路径立足，在疫情中成为保供主力，并于2021年成功上市。 上市后不久，叮咚提出"效率优先，兼顾规模"的战略，放弃了快速扩张的机会，但实现了持续盈利。自 2022年第四季度起，已连续12个季度保持盈利，成为行业率先并曾唯一盈利的头部企业。 对于此次出售，梁昌霖表示董事会经过了慎重论证。他肯定了叮咚买菜在供应链方面构建的"真功 夫"——85%以上生鲜源头直采、12家自营工厂、2家自营农场，并在黑猪肉、有机菜、健康食品等品类 上取得显著增长。 同时，他称赞美团旗下的小象超市"在过去几年也取得了非常强劲的增长"，与叮咚"4G" ...

Core Viewpoint - Meituan announced the acquisition of 100% equity in Dingdong Maicai's China business for approximately $717 million, excluding its overseas operations [1] Group 1: Acquisition Details - The acquisition will be completed with an initial consideration of about $717 million [1] - Dingdong Maicai's overseas business will be separated before the transaction closes, and the company will continue to operate as usual during the transition period [1] Group 2: Company Performance - Dingdong Maicai, founded in 2017, is a leading fresh food instant retail platform in China, known for its "29-minute delivery" service [1] - The company achieved a record quarterly revenue of 6.66 billion RMB and a net profit of 80 million RMB in Q3 2025, marking seven consecutive quarters of profitability under GAAP standards [1] - As of February 5, 2025, Dingdong Maicai's market capitalization was $694 million [1] Group 3: Strategic Alignment - Meituan emphasizes the importance of instant retail, and the acquisition aligns with its mission to enhance consumer experience through better products and services [1] - Dingdong Maicai's philosophy of "good users, good products, good service, good mindset" is in line with Meituan's mission of helping people eat better and live better [1] - As of September 2025, Dingdong Maicai had over 7 million monthly purchasing users [1]

北京商报讯（记者 何倩）2月5日，针对美团发布的收购公告，叮咚买菜创始人梁昌霖发布内部信。他表示，双方合并之后，叮咚的三大核心竞争力：极 致的商品力、超预期的服务力、和通过供应链系统打造的极致效率，不会因为合并而消失，反而会在更大的平台上发挥更大的价值。 2月5日，美团于香港联交所发布公告，将以约7.17亿美元的初始对价，完成对叮咚买菜中国业务100%股权的收购。 "我们可以一起去服务更广阔的市场，让美好的食材像自来水一样触手可及，普惠万众。"梁昌霖认为，这与美团的使命"帮大家吃得更好，生活更好"高度 契合。面向未来，公司做出了一个更具远见的决定：放下相向的较量，转为并肩的同航。这是两条强劲河流的汇合，必将奔向更加壮阔的海洋。 "当然，我们也深知河道曲折，这需要大家的共同努力。"梁昌霖说。 同时，梁昌霖提及，叮咚买菜的业务和团队会保持稳定，员工仍会有非常稳定的发展平台。而且，美团的业务版图非常广阔，这次合并为大家打开了更大 的职业空间。 可 删除 ○ 拒收 ◇ 回复 《 回复全部 c》转发 ○转发到聊天 致叮咚买菜全体同事的一封信 * 各位叮咚的同学们: 6 0 0 @ … 2/5 周四 详情 今天,我们正式 ...

大公司： 日发精机：聘任李永龙为公司副总裁 36氪获悉，日发精机公告，公司董事会同意聘任李永龙为公司副总裁，任期自本次董事会审议通过之日 起至第九届董事会任期届满之日止。 投融资： 美团：拟7.17亿美元收购叮咚 36氪获悉，美团公告，于2026年2月5日（非交易时段），收购方、转让方及梁昌霖订立股份转让协议， 据此（其中包括）收购方同意收购，而转让方同意出售转让方所持有目标公司Dingdong Fresh Holding Limited全部已发行股份，初始代价为7.17亿美元（可予调整），惟转让方可从目标集团（目标公司及其 附属公司）提取不超过2.80亿美元的资金后，仍需确保目标集团净现金不低于1.50亿美元。 小米汽车将辅助驾驶安全里程门槛降至300公里 36氪获悉，小米汽车宣布，最新版本OTA已陆续推送，辅助驾驶安全里程门槛降低。小米汽车介绍，辅 助驾驶安全里程门槛从1000km降至300km，设定这样的门槛，是为了让大家可以先逐步熟悉辅助驾驶 功能，培养充分的安全意识。小米汽车提醒，辅助驾驶不是自动驾驶，请时刻关注路况，及时控制车 辆。 吉利及雷诺合资公司浩思动力首次亮相印度ACMA展，开拓新兴市场 ...

即时零售赛道风云再起，美团7.17亿美元拿下叮咚！ 2月5日盘后，美团公告表示，公司拟以7.17亿美元收购中国大陆领先的生鲜电商企业叮咚的全部已发行 股份。根据协议，转让方可从目标集团提取不超过2.8亿美元的资金，但需确保目标集团净现金不低于 1.5亿美元。此次收购将使目标公司成为美团的间接全资附属公司，其财务业绩将并入美团的财务报 表。 美团给出叮咚估值约为50亿元 按照美团7.17亿美元的出价和当下汇率计算，此次美团给出叮咚估值约为50亿元，略微高于叮咚48.15亿 元的市值，但并没有显著溢价。截至2月4日，叮咚买菜收盘报3.2美元/股，总市值48.15亿元。受收购消 息刺激，叮咚买菜盘前涨超4%，报3.33美元/股。 | 可鸣买菜 DDL | | | | --- | --- | --- | | 延3. 200 | +0.010 | 40.31% | | 盘前价 | 3.330盘前涨幅 | +4.0629 | | 盘前涨跌 | +0.130美尔刚刚 | 04:24 | | 卖价 | | | | STERES | | | 据36氪报道，美团旗下的小象超市也在加快进度，2026年原本计划开出700个前置仓站点 ...

Core Viewpoint - Meituan announced the acquisition of 100% equity in Dingdong Maicai's China business for approximately $717 million, excluding its overseas operations, which will be divested prior to the transaction [1][2]. Group 1: Acquisition Details - The acquisition price for Dingdong Maicai is approximately $717 million [1]. - Dingdong Maicai will continue its operations as usual during the transition period before the deal closes [1]. - As of February 5, Dingdong Maicai's market capitalization was $694 million [1]. Group 2: Company Performance - Dingdong Maicai, founded in 2017, is a leading fresh food instant retail platform in China, known for its "delivery in as fast as 29 minutes" service [1]. - The company achieved a record quarterly revenue of 6.66 billion RMB in Q3 2025, with a net profit of 80 million RMB, marking its seventh consecutive quarter of profitability under GAAP standards [1]. - As of September 2025, Dingdong Maicai had over 7 million monthly purchasing users [4]. Group 3: Strategic Alignment - Meituan emphasizes the importance of instant retail and believes that Dingdong Maicai's philosophy of "good users, good products, good service, good mindset" aligns well with its own mission of helping people eat better and live better [3]. - The acquisition is expected to leverage both companies' strengths in product quality, technology, and operations to enhance consumer experience in terms of consumption and delivery [3].

作者 | 任彩茹 李小霞 编辑 | 乔芊 36氪获悉，美团已就全资收购叮咚买菜达成最终协议。2月5日，美团于香港联交所发布公告，将以约 7.17亿美元的初始对价，完成对叮咚买菜中国业务100%股权的收购。公告显示，叮咚买菜海外业务不 在本次交易范围内，将在交割前完成剥离。交易过渡期内，叮咚买菜将按照交易前的模式继续经营。截 至发稿，叮咚买菜市值6.94亿美元。 交易落定后，这不仅是本年度本地生活领域最重磅的整合，更意味着生鲜电商以独立平台形式"烧钱换 规模"的时代告一段落。 叮咚买菜的被收购传闻已经有一段时间，此前市场多次流传京东集团有意收购，以强化其即时零售业务 的链路。彼时，市场分析认为，京东的仓配物流体系与叮咚买菜的前置仓网络结合，能在生鲜品类上形 成协同，也能配合七鲜前置仓的加速扩张。 "此前的确是京东在谈，美团没有参与，但后期美团突然参与进来。京东对叮咚表示，'美团是来搅局 的'，老梁（叮咚买菜创始人梁昌霖）一开始也比较踟蹰美团的真实意图。"一位接近交易人士称。"美 团的出发点也有防御意味，假如叮咚被对手吃掉，价格战又在所难免。" 一位叮咚买菜的投资人表示，"它哪怕今天市值不高，但我依然对老梁（梁昌 ...