美团为小象进货，50亿拿下叮咚买菜

蓝鲸财经02-11

文｜本原财经传闻数月的叮咚买菜收购案传来确定性消息，买家从京东变成美团。2月5日，美团一纸公告，官宣收购叮咚买菜中国业务，初始对价约7.17亿美元（约49.8亿元人民币），此外叮咚现有股东们可以从公司提走2.8亿美元现金。这或许将成为今年生活领域最大的整合案例。7亿或者说10亿美元，算是好价格吗？叮咚买菜是生鲜电商赛道的前置仓选手，尤记得2021年叮咚买菜上市时，市值一度接近90亿美元。5年的艰难...

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href=https://www.lanjinger.com/d/1770394623573921993><strong>蓝鲸财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>文｜本原财经传闻数月的叮咚买菜收购案传来确定性消息，买家从京东变成美团。2月5日，美团一纸公告，官宣收购叮咚买菜中国业务，初始对价约7.17亿美元（约49.8亿元人民币），此外叮咚现有股东们可以从公司提走2.8亿美元现金。这或许将成为今年生活领域最大的整合案例。7亿或者说10亿美元，算是好价格吗？叮咚买菜是生鲜电商赛道的前置仓选手，尤记得2021年叮咚买菜上市时，市值一度接近90亿美元。5年的艰难...</p>\n\n<a href=\"https://www.lanjinger.com/d/1770394623573921993\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MPNGY","symbol_name":"美团ADR","start_time":0,"source_url":"https://www.lanjinger.com/d/1770394623573921993","article_id":"2610602670","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610602670","pubTimestamp":1770783658,"columns":[],"sourceInfo":{"source_id":"lanjinger_stock","name":"蓝鲸财经"},"weMediaInfo":null,"summary":"美团本身就有小象超市，再拿下叮咚买菜，市场份额基本无敌了，按理说中间阻力应该不小。美团的先手棋问题又回到，美团为什么要花50亿收购叮咚买菜呢？小象超市够猛，2024年GMV已近300亿元，2025年农产品销售额预计超200亿元。这是美团斥资50多亿人民币收购叮咚买菜最直接的利好。","collect":0,"end_time":0,"defaultTopTitle":"lanjinger.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"MPNGY":"美团ADR","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) 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店仓一体模式，侵略性极强，数百名地推人员平均每周开1-2家，并制定了严格的下单量任务。2025年底七鲜在北京的店仓总数就突破了100家，2026年明确还将加速长三角、华中布局。还记得去年京东挑起的外卖大战吧，京东阿里美团三家，半年烧了近1000亿。美团虽说是被迫迎战，投入却不小。Q3财报显示，作为现金牛的核心本地商业收入同比下滑2.8%，由上一年同期盈利152亿元，转为亏损141亿元，创下2018年上市以来最大单季亏损，巨额补贴是亏损的主要原因。叮咚买菜要是被京东抢了去，在叮咚的基建和资源上撒币，免不了又要打价格战。美团当前以守住阵地为重，先下手为强，能在一定程度上避免麻烦，也能加大筹码。大战的另一面是，即时零售的需求得到充分验证，竞争不会消失，只会升维。生鲜分战场，不止美团京东发力，阿里系的盒马，调整过后也重启了前置仓业务，截至2025年12月，其前置仓已落地约200家，计划在2026年至少再开出100个前置仓，盒马NB折扣店也在快速铺开。阿里主站的淘宝闪购，同样正在推进天猫超市前置仓（猫超仓）的建设，已经覆盖约30个城市。淘宝闪购在2026年的终极目标是拿下即时零售市场的“绝对第一”。大厂告别“盲目烧钱换增长”，转向夯实能带来确定性的“基础设施”，加速扩充线下供给，拓仓速度成为影响格局的关键。可以预见的是，未来的生鲜即时零售市场，既有美团、京东这样的生态平台型选手，又有盒马、山姆这样的品质供应链高手，形成多方混战。区域深耕型选手，在巨头环伺之下，生存空间越来越小。8年长跑，叮咚买菜的结局基本定了，创始人梁昌霖已经带部分团队“二次创业”，搭建B2B海外业务。即时零售不需要“小而美”，垂直平台的生存空间持续被挤压，注定成为大厂的弹药。朴朴超市曾被传出京东与其洽谈收购事项，市场上还夹杂着其试图冲击港交所的消息，它会是下一个被收购的对象吗？","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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