Priceline Invests In Meituan-Dianping $4 Billion Funding [Seeking Alpha]
THE PRICELINE GROUP INC COMMON (PCLN)
US:NASDAQ Investor Relations:
ir.pricelinegroup.com/events.cfm
Company Research
Source: Seeking Alpha
Priceline Invests In Meituan-Dianping $4 Billion FundingSummaryPriceline has invested $450 million in China-based Meituan-Dianping.M-D is an ecommerce combination of two firms that provide nearly 300 million consumers with the ability to search for, review and purchase from over 5 million local merchants.The deal for Priceline is really about access for its Singapore-based Agoda online travel agent service, which stands to reap significant benefit from M-D's mobile customer base.
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