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      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <credentials>
          <cik>0001686305</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>03-31-2026</periodOfReport>
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      <reportCalendarOrQuarter>03-31-2026</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>Primavera Capital Management Ltd</name>
        <address>
          <com:street1>190 ELGIN AVENUE</com:street1>
          <com:city>GEORGE TOWN</com:city>
          <com:stateOrCountry>E9</com:stateOrCountry>
          <com:zipCode>KY1-9005</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-17536</form13FFileNumber>
      <crdNumber>000162044</crdNumber>
      <secFileNumber>802-76417</secFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Kenneth Wong</name>
      <title>Authorized Signatory</title>
      <phone>852-3767-5000</phone>
      <signature>/s/ Kenneth Wong</signature>
      <city>Hong Kong</city>
      <stateOrCountry>K3</stateOrCountry>
      <signatureDate>05-15-2026</signatureDate>
    </signatureBlock>
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