Announced
Financials
Tags
Diversified Retailers
Private
Acquisition
Pending
Minority
Single Bidder
consumer retail
Cross Border
Friendly
Private Equity
Vietnam
Synopsis
Chinese multinational technology company Alibaba and private equity firm Baring Private Equity Asia agreed to invest $400m in The CrownX, Masan Group’s consumer-retail platform. "The combination of Alibaba’s online retail expertise, Lazada’s e-commerce platform in Vietnam, and Masan’s leading offline network will be a strong catalyst to modernize Vietnam’s retail landscape. We look forward to building a champion offline-to-online platform alongside Masan," Kenny Ho, Alibaba Head of Investment for Southeast Asia.
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