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.
