top of page

Alibaba invests in Vietnamese retail company

A consortium led by Chinese eCommerce giant Alibaba will invest USD 400M in the subsidiary of Vietnamese conglomerate Masan Group CrownX. The valuation of CrownX isUSD 6.9B, as 5.5% of the shares were acquired in the transaction. This can be understood as a strategic investment by Alibaba. It was announced that Lazada, Alibaba's Southeast Asian eCommerce company, will cooperate with Masan Group in online shopping in the future.


3 views0 comments
bottom of page