The Carlyle Group Invests RMB530 Million in Beijing Ubox Technology & Trade (Asia)

Source: The Carlyle Group

Global alternative asset manager The Carlyle Group has invested RMB530 million (approximately US$87 million) in Beijing Ubox Technology & Trade, a China-based vending machine operator. The investment was structured through Carlyle Beijing Partners Fund. The company will use the new capital to expand its vending machine network in China and improve its digital marketing and advertising business.