KFC and Pizza Hut owner Yum Brands said Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding will buy a stake in Yum China for $460 million as part of a planned spinoff of the business. 140 more words
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Yum Brands will spin off its once-fast growing China division sometime in 2016, but the remaining company will still generate wads of cash and has tons of room to aggressively expand, according to its CEO. 607 more words