Today’s Deals – Primavera, Alibaba’s Ant Financial dunk $460M into KFC’s new spinout Yum China

5103683633_e1e4a5247a_b 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

from TechCrunch

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