Ant Financial, Primavera back Chinese vending machine provider
Beijing Ubox Online Technology, a Chinese vending machine manager, has received RMB1.6 billion ($226 million) in funding from Ant Financial Services Group and Primavera Capital Group.
Ant Financial led the investment and committed RMB1.2 billion. The Alibaba Group affiliate declined to comment on the deal. The proceeds will enable Ubox to expand its network of vending machines....
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