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Primavera, Alibaba’s Ant Financial dunk $460M into KFC’s new spinout Yum China
#HTE
After raising $4.5 billion at a $60 billion valuation earlier this year, Alibaba affiliate Ant Financial — which operates the Alipay payments service — is hungry to put some of that money to use to build out its business. The company, alongside key Alibaba investor Primavera Capital, is investing $460 million into Yum China, a new spinout from Yum Brands — the parent company… Read More
https://techcrunch.com/2016/09/02/primavera-alibabas-ant-financial-dunk-460m-into-kfcs-new-spinout-yum-china/?ncid=rss
After raising $4.5 billion at a $60 billion valuation earlier this year, Alibaba affiliate Ant Financial — which operates the Alipay payments service — is hungry to put some of that money to use to build out its business. The company, alongside key Alibaba investor Primavera Capital, is investing $460 million into Yum China, a new spinout from Yum Brands — the parent company… Read Morehttps://techcrunch.com/2016/09/02/primavera-alibabas-ant-financial-dunk-460m-into-kfcs-new-spinout-yum-china/?ncid=rss