Private company

Primavera Capital Group

Logo: Primavera Capital Group, Public domain, via Wikimedia Commons3

Chinese investment firm

Primavera Capital Group (Primavera; Chinese: 春華資本集團; pinyin: Chūnhuá Zīběn Jítuán) is a Chinese investment firm with offices in Hong Kong, Beijing, Silicon Valley and Singapore. It is considered one of China's leading investment firms with notable investments in companies such as Alibaba, Ant Group, ByteDance, XPeng, Yum China and The Princeton Review.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

2010Founded1
The Landmark Gloucester Tower 201501
Photo: Wing1990hk, CC BY 3.0, via Wikimedia Commons4

Primavera Capital Group (Primavera; Chinese: 春華資本集團; pinyin: Chūnhuá Zīběn Jítuán) is a Chinese investment firm with offices in Hong Kong, Beijing, Silicon Valley and Singapore. It is considered one of China's leading investment firms with notable investments in companies such as Alibaba, Ant Group, ByteDance, XPeng, Yum China and The Princeton Review.2

Corporate structure

Primavera Capital Group sits at the top of its group. 105 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Primavera Capital Group Beijing
    • Yum China Stake · 7.8% · 上海, China
      • East Dawning Subsidiary · Shanghai
      • LITTLE SHEEP Subsidiary · Baotou
      • Agilink Global (HK) Limited Subsidiary · Hong Kong
      • Bai Sheng International Management Consulting (Sanya) Co., Ltd. Subsidiary · China
      • Bai Sheng Restaurants (Tibet) Co., Ltd. Subsidiary · China
      • Bai Sheng Restaurants China Holdings Limited Subsidiary · Hong Kong
      • Baisheng (Jinan) Catering Management Co., Ltd. Subsidiary · China
      • Baisheng Restaurants (Anhui) Co., Ltd. Subsidiary · China
      • Baisheng Restaurants (Lhasa) Co., Ltd. Subsidiary · China
      • Baisheng Restaurants (Sanya) Co., Ltd. Subsidiary · China
      • Beijing Daojia Times Catering Management Co., Ltd. Subsidiary · China
      • Beijing Fashion Family Network Technology Co, Ltd. Subsidiary · China
      • BeiJing Huang Ji Huang Catering Management Co., Ltd. Subsidiary · China
      • Beijing Huang Ji Huang Trading Co., Ltd. Subsidiary · China
      • Beijing KFC Co., Ltd. Subsidiary · China
      • Beijing Meng Qi Yan Duo Catering Service Co., Ltd. Subsidiary · China
      • Beijing Pizza Hut Co., Ltd. Subsidiary · China
      • Bi Sa Information Technology (Shanghai) Co., Ltd. Subsidiary · China
      • Bi Sheng Restaurants (Lhasa) Co., Ltd. Subsidiary · China
      • Changsha KFC Co., Ltd. Subsidiary · China
      • China Family Networks Limited Subsidiary · Hong Kong
      • China Homerun Limited Subsidiary · Cayman Islands
      • China XiaoFeiYang Catering Chain Co., Ltd. Subsidiary · British Virgin Islands
      • Chongqing KFC Co., Ltd. Subsidiary · China
      • Chuan Sheng (Shanghai) Supply Chain Technology Co., Ltd. Subsidiary · China
      • and 78 more

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Primavera Capital Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

Subsidiaries and ownership

Also owns

From Wikidata.1

Timeline

  1. 2010Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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