KFC and Pizza Hut owner Yum Brands Inc said Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding Ltd will buy a stake in Yum China for $460 million (345.65 million pounds) as Yum prepares to spin off the business.
Read morePrimavera Capital and Alibaba are going to buy significant stake of Yum (KFC and PizzaHut)
China-underground.com includes thousands of articles on news, Chinese history, Chinese art, Chinese literature , China pictures gallery, videos, and Chinese cinema.