唉都稳定盈利了还卖身_老虎社区_美港股上老虎

唉都稳定盈利了还卖身，看错梁老板了，原来是个胸无大志只满足于创造从零到一，而不敢推动从一到一百之人，看左眼了唉

50亿，三年融10轮的明星公司卖掉了

2026年2月5日，美团发布公告，宣布以约7.17亿美元收购叮咚买菜全部已发行股份，被市场誉为“年度本地生活领域最重磅整合”。交易背后谈判始于2025年12月中旬。美团高层态度则在今年1月发生关键转变。尽管美团正经历百亿元亏损，但账上仍有超过1400亿元的现金储备。从2018年5月到2021年5月，短短三年间完成了多达10轮融资，累计募资约10.3亿美元。而资产负债率高达84%，说明其脆弱性。这是2025年第三季度财报电话会上，梁昌霖对投资者的回答。

50亿，三年融10轮的明星公司卖掉了

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

推荐
最新

暂无评论

热议股票

{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":529794596294952,"tweetId":"529794596294952","gmtCreate":1770365268231,"gmtModify":1770365270868,"author":{"id":3434880829342579,"idStr":"3434880829342579","authorId":3434880829342579,"authorIdStr":"3434880829342579","name":"江边渔火","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body>唉都稳定盈利了还卖身，看错梁老板了，原来是个胸无大志只满足于创造从零到一，而不敢推动从一到一百之人，看左眼了唉</body></html>","htmlText":"<html><head></head><body>唉都稳定盈利了还卖身，看错梁老板了，原来是个胸无大志只满足于创造从零到一，而不敢推动从一到一百之人，看左眼了唉</body></html>","text":"唉都稳定盈利了还卖身，看错梁老板了，原来是个胸无大志只满足于创造从零到一，而不敢推动从一到一百之人，看左眼了唉","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/529794596294952","repostId":2609557096,"repostType":2,"repost":{"id":"2609557096","kind":"news","pubTimestamp":1770360904,"share":"https://www.laohu8.com/m/news/2609557096?lang=zh_CN&edition=full","pubTime":"2026-02-06 14:55","market":"hk","language":"zh","title":"50亿，三年融10轮的明星公司卖掉了","url":"https://stock-news.laohu8.com/highlight/detail?id=2609557096","media":"投中网","summary":"2026年2月5日，美团发布公告，宣布以约7.17亿美元收购叮咚买菜全部已发行股份，被市场誉为“年度本地生活领域最重磅整合”。交易背后谈判始于2025年12月中旬。美团高层态度则在今年1月发生关键转变。尽管美团正经历百亿元亏损，但账上仍有超过1400亿元的现金储备。从2018年5月到2021年5月，短短三年间完成了多达10轮融资，累计募资约10.3亿美元。而资产负债率高达84%，说明其脆弱性。这是2025年第三季度财报电话会上，梁昌霖对投资者的回答。","content":"<html><body><article>2026年2月5日，<a href=\"https://laohu8.com/S/MPNGY\">美团</a>发布公告，宣布以约7.17亿美元（约50亿元）收购<a href=\"https://laohu8.com/S/DDL\">叮咚买菜</a>全部已发行股份，被市场誉为“年度本地生活领域最重磅整合”。这笔交易将重塑行业格局：为始于2017年的生鲜电商创业潮画上句号，也拉开了<a href=\"https://laohu8.com/S/03690\">美团</a>、<a href=\"https://laohu8.com/S/BABA\">阿里</a>、<a href=\"https://laohu8.com/S/JD\">京东</a>在即时零售领域“新三国杀”的序幕。对于在2018至2021年间曾密集完成10轮融资、募资超10亿美元的叮咚买菜而言，这既是“上岸”，也是告别。交易背后谈判始于2025年12月中旬。叮咚买菜创始人梁昌霖在一次内部会议上向管理层透露，他认为“国内的生鲜前置仓业务已经不再适合<a href=\"https://laohu8.com/S/V03.SI\">创业公司</a>，大公司入场会做得更好”。那时，梁昌霖已对公司的未来有了清晰判断。这笔交易的核心是资产与团队的收购。公告条款规定，卖方可在交割前提取不超过2.8亿美元的现金，但需保证公司交割时净现金不低于1.5亿美元。对价略高于叮咚买菜6.94亿美元的市值。对美团来说，这一价格的实际支付成本可能远低于账面数字；对叮咚股东来说，这是一个兼顾了即时变现与交易成功的安排。交易的主角从京东变为美团，被市场认为是一场关键的“搅局”。据《晚点LatePost》报道，谈判初期有<a href=\"https://laohu8.com/S/09988\">阿里</a>、京东、美团、德弘资本等5-6家意向买方参与。京东是最早与叮咚深入谈判的买家，其仓配物流体系与叮咚的前置仓网络形成互补，被视为<a href=\"https://laohu8.com/S/LI\">理想</a>战略选择。然而，尽调后京东交易延期，给竞争对手留下了机会。美团高层态度则在今年1月发生关键转变。一位接近交易人士透露：“老梁（梁昌霖）一开始也比较踌躇美团的真实意图”。这份踌躇不难理解。一个正在外卖战场与京东、阿里打补贴战以致季度亏损超百亿的对手，为何要斥巨资投入另一个同样烧钱的生鲜战场？美团的动机被普遍解读为：不想把这部分优质基础设施留给京东或其他竞争对手。一旦叮咚被对手收购，美团未来在即时零售领域的防守成本将大幅增加。梁昌霖也在内部信中承认，选择美团是董事会“经过慎重论证”的结果。更深层的战略意图在于，美团已将小象超市提到仅次于外卖的战略高度，表明集团已判断即时零售的胜负手在于实体资产与供应链深度。因为对即时零售而言，前置仓是核心基础设施，直接决定了平台的履约效率和区域覆盖能力。尽管美团正经历百亿元亏损，但账上仍有超过1400亿元的现金储备。7.17亿美元的收购价，对其而言是“九牛一毛”。这使得美团有能力在应对外卖战的同时，进行这笔战略投资。这一收购手法，美团不是第一次做。其逻辑与当年美团与大众点评的合并很类似——通过终结最直接、最消耗的正面竞争，快速奠定市场绝对主导地位，将行业带入新阶段。还有一个经典案例是在共享单车领域。2018年，在共享单车行业陷入资金枯竭、模式困境之时，美团以约27亿美元全资收购摩拜单车。这笔收购不仅为美团补齐了本地生活服务中“出行”这一关键场景的入口，更关键的是，它以一种果断的方式结束了该领域的恶性消耗战，将竞争的流量和用户资产收入囊中。不同的是，共享单车更多是流量与场景入口，而生鲜电商涉及的则是更深、更重的供应链与基础设施。于行业而言，这场始于2017年的生鲜电商创业热潮，最终以巨头收编的方式画上阶段性句号。合并后，美团将拥有近2000个前置仓，在自营前置仓赛道形成压倒性规模。这标志着行业正式从“三国杀”进入“巨头混战”时代，美团、阿里、京东三大平台将展开更直接的生态对抗。对于其他玩家而言，压力空前。当前，盒马正向千亿GMV冲击，并发力下沉市场；区域性品牌如朴朴超市的生存空间将被进一步挤压；而京东在生鲜即时零售上的步伐，则因错失叮咚而显得更为被动。接下来，美团方面表示，未来将采取“双品牌”运营策略，试图保留叮咚买菜的品牌价值与商品力。来时路梁昌霖的创业故事充满了传奇色彩。1972年出生于安徽农村的他，1990年入伍服役，2002年转业后开启了创业生涯。他并非生鲜赛道的新手，而是位连续创业者。梁昌霖早年开发过全球首款视频剪切合并软件，并创立了中国最早盈利的母婴网站之一“丫丫网/妈妈帮”。这些经历为他积累了第一桶金和丰富的经验。2017年，梁昌霖带着“让美好的食材像自来水一样，触手可得、普惠万众”的使命创立了叮咚买菜。他带着团队在上海浦东建立了第一个前置仓，确立了“前置仓+智能供应链”模式。凭借这一模式，叮咚将生鲜损耗率降至行业领先的1%。随后，叮咚买菜成为了资本市场的宠儿。从2018年5月到2021年5月，短短三年间完成了多达10轮融资，累计募资约10.3亿美元。投资方名单<a href=\"https://laohu8.com/S/00403\">星光</a>熠熠，包括软银愿景、DST Global、今日资本、General Atlantic等国际顶尖VC/PE机构。梁昌霖身上始终带着“泥土气”。一位早期投资人曾评价梁昌霖：“他是真正把80%时间都花在田间地头的人。本可以在上海好好待着生活，却把自己过成农民”。这种专注与务实，使叮咚在激烈的市场竞争中活了下来。2021年6月，叮咚买菜成功登陆<a href=\"https://laohu8.com/S/NYSE\">纽交所</a>，上市时市值高达55亿美元。这期间，叮咚买菜也在不断拓展自己的商业版图，包括对外投资超40家企业。不过，其中20余家处于存续状态，包括上海雨生百谷食品有限公司、上海春风十里农业有限公司、吃之以恒（上海）电子商务有限公司等，试图向上游供应链延伸。然而，生鲜电商“高损耗、低利润、重资产”的基因，很快让行业陷入“烧钱换市场”的困境。上市仅两个月后，叮咚果断转向“效率优先，兼顾规模”。这一战略收缩，使其在每日优鲜等同行纷纷折戟时，顽强地存活下来，并自2022年第四季度起，连续十二个季度实现非GAAP盈利。那么，叮咚买菜真实成色如何？表面看，叮咚买菜在并购前交出了一份亮眼的成绩单。2025年第三季度，公司GMV和营收分别达到72.7亿元和66.6亿元，均创下历史新高，还连续十二个季度实现Non-GAAP盈利。然而，这份盈利背后是极致的成本控制。叮咚买菜实现盈利的核心打法是用“瘦身”换取盈利，即退出非核心城市，重心聚焦长三角。但这也意味着，收入的增速渐缓，实则是腹地承压，被超越或许只是时间问题。另外，叮咚买菜2025年第三季度GAAP净利润为1.33亿元，净利率不足2%。而资产负债率高达84%，说明其脆弱性。从55亿美元市值高点缩水至不足7亿美元，根本原因还在于资本市场估值逻辑的变化。在行业狂飙期，资本追捧的是规模增长；而当巨头下场、格局固化，垂直平台的独立成长空间被封死，其估值逻辑便切换到资产价值——即其前置仓网络、供应链能力和用户群作为战略资产，对巨头而言值多少钱。一位叮咚买菜的投资人曾坦承：“面对大厂不断砸钱，并没有太好的应对办法。当年前置仓赛道玩家浩浩荡荡，如今能留在牌桌上，已经极其难得”。“我们常在思考，在激烈的竞争中如何生存，更重要的是，如何找到自己的生存之道。”这是2025年第三季度财报电话会上，梁昌霖对投资者的回答。如今看来，这已是出售前夜的伏笔。根据收购公告，叮咚买菜的海外业务已在交易交割前完成剥离，不在收购范围内。这位永不疲倦的创业者，未来将带领部分团队“二次创业”，转向海外业务。卖身，是他为叮咚找到的生存之道；再次出发，则是他为自己选择的下一段旅程。</article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>50亿，三年融10轮的明星公司卖掉了</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n50亿，三年融10轮的明星公司卖掉了\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-06 14:55 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260206145531a48367af&s=b>投中网</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n2026年2月5日，美团发布公告，宣布以约7.17亿美元（约50亿元）收购叮咚买菜全部已发行股份，被市场誉为“年度本地生活领域最重磅整合”。这笔交易将重塑行业格局：为始于2017年的生鲜电商创业潮画上句号，也拉开了美团、阿里、京东在即时零售领域“新三国杀”的序幕。对于在2018至2021年间曾密集完成10轮融资、募资超10亿美元的叮咚买菜而言，这既是“上岸”，也是告别。交易背后谈判始于2025年...\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260206145531a48367af&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89618":"京东集团-SWR","LU1282651121.HKD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (HKD) INC","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU0228367735.SGD":"Eastspring Investments - Asian Equity Fund AS SGD","LU0140636845.USD":"施罗德大中华区股票A Acc","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","MPNGY":"美团ADR","LU0106252389.USD":"SCHRODER ISF EMERGING MARKETS \"A\" ACC","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0054237671.USD":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" INC","LU0823426480.USD":"法巴中国股票经典Dis","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0737861699.HKD":"FIDELITY CHINA FOCUS \"A \" (HKD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU0633140560.USD":"AB EMERGING MARKET MULTI ASSET PORTFOLIO \"A\" (USD) ACC","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","SG9999000459.SGD":"Aberdeen Standard Pacific Equity SGD","LU0588545904.SGD":"Eastspring Investments - Asian Equity Income ASDM SGD","DDL":"叮咚买菜","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","SG9999014674.SGD":"Nikko AM All China Equity A SGD","LU0049853897.USD":"SCHRODER ISF EMERGING MARKETS \"A\" (USD) INC AV","LU0577902371.SGD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (SGD) ACC","LU0196878994.USD":"MANULIFE GF CHINA VALUE \"AA\" (USD) INC","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","IE0008368742.USD":"首域中国增长基金I Acc","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1008478684.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY \"P\" (HKD) ACC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","SG9999002463.SGD":"LionGlobal China Growth SGD","BK1610":"ETF&股票定投概念","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","LU0048597586.USD":"富达亚洲焦点A","LU1226287529.USD":"UBS (LUX) KEY SELECTION SICAV - CHINA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU0633140727.USD":"AB EMERGING MARKETS MULTI ASSET PORTFOLIO \"AD\" (USD) INC","BK1575":"同股不同权","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","LU0791591158.USD":"ALLSPRING EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0823040885.USD":"东方汇理新兴市场焦点股票基金","IE00BGV7N243.SGD":"FSSA Global Emerging Markets Focus I Acc SGD","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","LU1675838814.USD":"AB SICAV I - EMERGING MARKETS LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","BK1604":"节假日概念","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","LU1224444064.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AM\" (USDHDG) INC","LU1960683339.HKD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (HKD) ACC","LU0509642566.USD":"SCHRODER ISF GLOBAL EMERGING MARKET OPPORTUNITIES \"A\" (USD) INC AV","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0048580855.USD":"富达大中华区A","LU0067412154.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY \"P\" (USD) ACC","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC","LU0269904917.USD":"SCHRODER ISF GLOBAL EMERGING MARKET OPPORTUNITIES \"A\" (USD) ACC","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0577902538.SGD":"Fullerton Lux Funds - Asia Growth and Income Equities A Acc SGD","LU0293314216.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"A\" (USD) ACC","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","IE00B29SXG58.USD":"FSSA CHINA FOCUS \"I\" (USD) ACC","LU0348788117.USD":"ALLIANZ EMERGING ASIA EQUITY \"A\" (USD) INC","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0856984785.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","BK1233":"餐馆","LU0359201612.USD":"贝莱德中国基金A2","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU1224709979.USD":"FIDELITY CHINA FOCUS \"A\" (USD) ACC","HMTD.SI":"Meituan HK SDR 5to1","LU1688375341.USD":"贝莱德中国灵活股票基金","LU1282651048.USD":"ALLIANZ GEM EQUITY HIGH DIVIDEND \"AMG\" (USD) INC","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU1720050803.USD":"安联全方位中国股票基金","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0181495838.USD":"施罗德新兴亚洲A Acc","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0231483743.USD":"abrdn SICAV I - ALL CHINA SUSTAINABLE EQUITY \"A\" (USD) ACC","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","LU0791590937.USD":"ALLSPRING EMERGING MARKTES EQUITY INCOME \"A\" (USD)","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME \"A6\" (USD) INC","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU0823041008.USD":"AMUNDI FUNDS EMERGING WORLD EQUITY \"A2\" (USD) ACC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS \"A2\" (USD) ACC","LU0132412106.USD":"abrdn SICAV I - EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU0463099449.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS \"A2\" (USD) INC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0163747925.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY A ACC","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","BK1589":"北水核心资产","LU0117841782.USD":"JPM GREATER CHINA \"A\" (USD) INC","LU0047713382.USD":"BGF EMERGING MARKETS \"A2\" ACC","IE00BPRC5H50.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) INC","LU1102505762.USD":"富达新兴市场焦点 A","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0499858602.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) ACC","BK1618":"Manus概念股","LU0261950983.USD":"FIDELITY ASIAN SPECIAL SITUATIONS \"A\" ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0173614495.USD":"富达中国焦点A","LU0868486357.SGD":"JPMorgan Funds - Emerging Markets Opportunities A (acc) SGD-H","LU1152091754.HKD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" (HKD) INC","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU1048588211.SGD":"Blackrock Asian Dragon A2 SGD-H","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","03690":"美团-W","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","LU0541501648.USD":"ALLSPRING EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","LU0455707207.USD":"FIDELITY FUNDS CHINA INNOVATION \"A\" (USD) INC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","BK1588":"回港中概股","LU0072462343.USD":"贝莱德亚洲巨龙基金","SG9999002828.SGD":"Eastspring Investments Unit Trusts - Dragon Peacock A SGD","LU0594300419.USD":"富达中国消费基金A","LU0072913022.USD":"UBS (LUX) EQUITY FUND - GREATER CHINA \"P\" (USD) ACC","LU0650527681.SGD":"Fidelity China Consumer A-SGD","BK1615":"港股-互联网","BK1142":"互联网与直销零售","IE00B031HY20.USD":"FSSA CHINA GROWTH \"I\" (USD) INC","LU1868837722.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"2\" (USD) ACC","LU1831875114.USD":"SCHRODER ISF ALL CHINA EQUITY \"A\" (USD) ACC","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","LU2488822045.USD":"ALLIANZ CHINA HEALTHY LIVING \"AT\" (USD) ACC","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU0589944569.HKD":"ALLIANZ EMERGING ASIA EQUITY \"AT\" (HKD) ACC","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","BK1619":"稳定币概念","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0431992006.USD":"摩根大通新兴市场机会A（acc）","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0469268626.HKD":"AB FCP I-ASIA EX JAPAN EQUITY PTF(AD","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU0821914370.USD":"贝莱德亚洲成长领袖A2","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU1044875133.USD":"天利亚洲反向股票 AU Acc","IE0008369823.USD":"FSSA HONG KONG GROWTH \"I\" ACC","LU2476274720.SGD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (SGDHDG) ACC","LU0287142896.SGD":"Fidelity China Focus A-SGD","SG9999001689.USD":"施罗德亚洲成长股票","LU0502904849.HKD":"FIDELITY FUNDS CHINA INNOVATION \"A\" (HKD) ACC","LU1993786604.SGD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (SGD) ACC","LU1807302812.USD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (USD) ACC","LU1734074674.USD":"NINETY ONE GSF ASIA PACIFIC FRANCHISE \"A\"(USD) ACC","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","LU0828237940.HKD":"SCHRODER ISF EMERGING ASIA \"A\" (HKD) ACC","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU0259732245.USD":"EASTSPRING INVESTMENTS DRAGON PEACOCK A","BK1249":"综合零售","LU0326948709.USD":"SCHRODER ISF ASIAN TOTAL RETURN \"A\" (USD) ACC","LU0043850808.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AD\" INC","LU0541502299.USD":"ALLSPRING EMERGING MARKETS EQUITY \"I\" (USD) ACC","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU0819123356.HKD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (HKD) ACC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU0828237510.HKD":"SCHRODER ISF BIC (BRAZ IN CH)\"A\" (HKD) ACC","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","LU0228659784.USD":"施罗德金砖四国基金","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0051755006.USD":"摩根大通中国A (dist)","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU1044876610.USD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"ZU\" (USD) ACC","LU0828238088.HKD":"SCHRODER ISF GLBL EMGNG MKT OPPS \"A\" (HKD) ACC","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","LU0683595622.HKD":"AB SICAV I-EM.MKTS MUL.ASS.PTF(AD)","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","IE00B543WZ88.USD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (USD) ACC","LU1642822792.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"A\" (SGD) ACC","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","IE00BF5LJ272.USD":"Legg Mason Martin Currie - Global Emerging Markets A Acc USD","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0700851271.USD":"NINETY ONE GSF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","LU0880133367.SGD":"UBS (LUX) EQUITY FUND CHINA OPPORTUNITY USD \"P\" (SGD) ACC","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","SG9999001903.USD":"Aberdeen Standard Pacific Equity USD","LU1044874839.SGD":"THREADNEEDLE (LUX) ASIAN CONTRARIAN EQUITY \"AGH\" (SGDHDG) ACC","BK1502":"双十一","BK1591":"就地过年概念","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC NC","LU1102505929.USD":"FIDELITY SUSTAINABLE EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0011963245.USD":"abrdn SICAV I ASIA PACIFIC SUSTAINAB LE EQUITY \"A\" (USD) ACC","LU0165289439.USD":"HSBC GIF ASIA EX JAPAN EQUITY \"AC\" ACC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","BK1583":"高瓴概念","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","BK1521":"挪威政府全球养老基金持仓"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260206145531a48367af&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2609557096","content_text":"2026年2月5日，美团发布公告，宣布以约7.17亿美元（约50亿元）收购叮咚买菜全部已发行股份，被市场誉为“年度本地生活领域最重磅整合”。这笔交易将重塑行业格局：为始于2017年的生鲜电商创业潮画上句号，也拉开了美团、阿里、京东在即时零售领域“新三国杀”的序幕。对于在2018至2021年间曾密集完成10轮融资、募资超10亿美元的叮咚买菜而言，这既是“上岸”，也是告别。交易背后谈判始于2025年12月中旬。叮咚买菜创始人梁昌霖在一次内部会议上向管理层透露，他认为“国内的生鲜前置仓业务已经不再适合创业公司，大公司入场会做得更好”。那时，梁昌霖已对公司的未来有了清晰判断。这笔交易的核心是资产与团队的收购。公告条款规定，卖方可在交割前提取不超过2.8亿美元的现金，但需保证公司交割时净现金不低于1.5亿美元。对价略高于叮咚买菜6.94亿美元的市值。对美团来说，这一价格的实际支付成本可能远低于账面数字；对叮咚股东来说，这是一个兼顾了即时变现与交易成功的安排。交易的主角从京东变为美团，被市场认为是一场关键的“搅局”。据《晚点LatePost》报道，谈判初期有阿里、京东、美团、德弘资本等5-6家意向买方参与。京东是最早与叮咚深入谈判的买家，其仓配物流体系与叮咚的前置仓网络形成互补，被视为理想战略选择。然而，尽调后京东交易延期，给竞争对手留下了机会。美团高层态度则在今年1月发生关键转变。一位接近交易人士透露：“老梁（梁昌霖）一开始也比较踌躇美团的真实意图”。这份踌躇不难理解。一个正在外卖战场与京东、阿里打补贴战以致季度亏损超百亿的对手，为何要斥巨资投入另一个同样烧钱的生鲜战场？美团的动机被普遍解读为：不想把这部分优质基础设施留给京东或其他竞争对手。一旦叮咚被对手收购，美团未来在即时零售领域的防守成本将大幅增加。梁昌霖也在内部信中承认，选择美团是董事会“经过慎重论证”的结果。更深层的战略意图在于，美团已将小象超市提到仅次于外卖的战略高度，表明集团已判断即时零售的胜负手在于实体资产与供应链深度。因为对即时零售而言，前置仓是核心基础设施，直接决定了平台的履约效率和区域覆盖能力。尽管美团正经历百亿元亏损，但账上仍有超过1400亿元的现金储备。7.17亿美元的收购价，对其而言是“九牛一毛”。这使得美团有能力在应对外卖战的同时，进行这笔战略投资。这一收购手法，美团不是第一次做。其逻辑与当年美团与大众点评的合并很类似——通过终结最直接、最消耗的正面竞争，快速奠定市场绝对主导地位，将行业带入新阶段。还有一个经典案例是在共享单车领域。2018年，在共享单车行业陷入资金枯竭、模式困境之时，美团以约27亿美元全资收购摩拜单车。这笔收购不仅为美团补齐了本地生活服务中“出行”这一关键场景的入口，更关键的是，它以一种果断的方式结束了该领域的恶性消耗战，将竞争的流量和用户资产收入囊中。不同的是，共享单车更多是流量与场景入口，而生鲜电商涉及的则是更深、更重的供应链与基础设施。于行业而言，这场始于2017年的生鲜电商创业热潮，最终以巨头收编的方式画上阶段性句号。合并后，美团将拥有近2000个前置仓，在自营前置仓赛道形成压倒性规模。这标志着行业正式从“三国杀”进入“巨头混战”时代，美团、阿里、京东三大平台将展开更直接的生态对抗。对于其他玩家而言，压力空前。当前，盒马正向千亿GMV冲击，并发力下沉市场；区域性品牌如朴朴超市的生存空间将被进一步挤压；而京东在生鲜即时零售上的步伐，则因错失叮咚而显得更为被动。接下来，美团方面表示，未来将采取“双品牌”运营策略，试图保留叮咚买菜的品牌价值与商品力。来时路梁昌霖的创业故事充满了传奇色彩。1972年出生于安徽农村的他，1990年入伍服役，2002年转业后开启了创业生涯。他并非生鲜赛道的新手，而是位连续创业者。梁昌霖早年开发过全球首款视频剪切合并软件，并创立了中国最早盈利的母婴网站之一“丫丫网/妈妈帮”。这些经历为他积累了第一桶金和丰富的经验。2017年，梁昌霖带着“让美好的食材像自来水一样，触手可得、普惠万众”的使命创立了叮咚买菜。他带着团队在上海浦东建立了第一个前置仓，确立了“前置仓+智能供应链”模式。凭借这一模式，叮咚将生鲜损耗率降至行业领先的1%。随后，叮咚买菜成为了资本市场的宠儿。从2018年5月到2021年5月，短短三年间完成了多达10轮融资，累计募资约10.3亿美元。投资方名单星光熠熠，包括软银愿景、DST Global、今日资本、General Atlantic等国际顶尖VC/PE机构。梁昌霖身上始终带着“泥土气”。一位早期投资人曾评价梁昌霖：“他是真正把80%时间都花在田间地头的人。本可以在上海好好待着生活，却把自己过成农民”。这种专注与务实，使叮咚在激烈的市场竞争中活了下来。2021年6月，叮咚买菜成功登陆纽交所，上市时市值高达55亿美元。这期间，叮咚买菜也在不断拓展自己的商业版图，包括对外投资超40家企业。不过，其中20余家处于存续状态，包括上海雨生百谷食品有限公司、上海春风十里农业有限公司、吃之以恒（上海）电子商务有限公司等，试图向上游供应链延伸。然而，生鲜电商“高损耗、低利润、重资产”的基因，很快让行业陷入“烧钱换市场”的困境。上市仅两个月后，叮咚果断转向“效率优先，兼顾规模”。这一战略收缩，使其在每日优鲜等同行纷纷折戟时，顽强地存活下来，并自2022年第四季度起，连续十二个季度实现非GAAP盈利。那么，叮咚买菜真实成色如何？表面看，叮咚买菜在并购前交出了一份亮眼的成绩单。2025年第三季度，公司GMV和营收分别达到72.7亿元和66.6亿元，均创下历史新高，还连续十二个季度实现Non-GAAP盈利。然而，这份盈利背后是极致的成本控制。叮咚买菜实现盈利的核心打法是用“瘦身”换取盈利，即退出非核心城市，重心聚焦长三角。但这也意味着，收入的增速渐缓，实则是腹地承压，被超越或许只是时间问题。另外，叮咚买菜2025年第三季度GAAP净利润为1.33亿元，净利率不足2%。而资产负债率高达84%，说明其脆弱性。从55亿美元市值高点缩水至不足7亿美元，根本原因还在于资本市场估值逻辑的变化。在行业狂飙期，资本追捧的是规模增长；而当巨头下场、格局固化，垂直平台的独立成长空间被封死，其估值逻辑便切换到资产价值——即其前置仓网络、供应链能力和用户群作为战略资产，对巨头而言值多少钱。一位叮咚买菜的投资人曾坦承：“面对大厂不断砸钱，并没有太好的应对办法。当年前置仓赛道玩家浩浩荡荡，如今能留在牌桌上，已经极其难得”。“我们常在思考，在激烈的竞争中如何生存，更重要的是，如何找到自己的生存之道。”这是2025年第三季度财报电话会上，梁昌霖对投资者的回答。如今看来，这已是出售前夜的伏笔。根据收购公告，叮咚买菜的海外业务已在交易交割前完成剥离，不在收购范围内。这位永不疲倦的创业者，未来将带领部分团队“二次创业”，转向海外业务。卖身，是他为叮咚找到的生存之道；再次出发，则是他为自己选择的下一段旅程。","news_type":1,"symbols_score_info":{"89618":0.6,"MPNGY":1.96,"DDL":1.95,"HMTD.SI":0.6,"03690":1.96,"METmain":0.6}},"isVote":1,"tweetType":1,"viewCount":226,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":106,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}