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Alibaba affiliates cater to Xiyun in $200m round

May 9, 2018 • Robert Lavine

Koubei and Ant Financial joined asset manager CDH Investments for catering service provider Xiyun International's series A round.

China-based catering service provider Xiyun International has received $200m in a series A round featuring two spinoffs from e-commerce group Alibaba – Koubei and Ant Financial – Marbridge Consulting reported yesterday.

Ant Financial, the financial services provider formed by Alibaba in 2014, and Koubei, the local services provider formed by Alibaba and Ant, were joined in the round by alternative asset manager CDH Investments.

Xiyun runs an outsourced food supply business that operates some 30,000 food stalls and 2,100 dining…

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