Priceline Invests In Meituan-Dianping $4 Billion Funding

10/20/17

Quick Take

Priceline (PCLN) has invested $450 million as part of a $4 billion investment round for Meituan-Dianping.

Meituan-Dianping [M-D] operates a large China-based Ecommerce platform for more than 200 service and product categories.

In return for the investment, Priceline is gaining access to M-D’s customer base through its Agoda online travel agent subsidiary, which I view as the most important benefit of the deal.

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