Primavera Capital Group to invest $460m in Yum China.

Primavera Capital Group, a China-based global private equity firm, and Ant Financial Services Group, one of the world's leading online and mobile financial services providers have agreed to invest $460m in Yum China, a restaurants owner. "Through this collaboration, we aim to help Yum China provide world-class mobile payment services for tens of millions of customers across its brands. These services include hassle-free Alipay for customers to help shorten queues at the cashier as well as membership solutions for Yum China designed to help manage their customer relations and promotions." Eric Jing, Ant Financial Services President.