Alibaba Leads $400 Million Investment in Vietnam Retail Giant

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Alibaba Leads $400 Million Investment in Vietnam Retail Giant

Bloomberg2021-05-18

(Bloomberg) -- Alibaba Group Holding Ltd. and partners are investing $400 million in Vietnamese conglomerate Masan Group Corp.’s retail arm, a deal that will expand the Chinese e-commerce giant’s ...

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Comment（13）

Hunter88
·2021-05-18
Invest more in BABA
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Zhengxi
·2021-05-18
Good
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Patek1975
·2021-05-18
Huat argh [What]
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1
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missychatty
·2021-05-18
Wow
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DesmondChin
·2021-05-18
Seen all the moves, hype around the moves but fail at last...
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3
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Lgl
·2021-05-18
Buy buy buy
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2
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- Xkuanx:
  Good
  2021-05-18
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- Lgl:
  Buy This
  2021-06-10
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- Lgl:
  Good
  2021-06-10
  Reply
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sharenraj
·2021-05-18
Please comment
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- ahswee:
  comment my comment thanks!
  2021-05-18
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- Reds:
  Hahahaha
  2021-05-18
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kevinlaisq
·2021-05-18
Please like and comment
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- ItsRileyReid:
  ok
  2021-05-18
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alan_01
·2021-05-18
Go go alibaba, asia amazon
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- Reds:
  Power
  2021-05-18
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Limth
·2021-05-18
Hope it had positive impact
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leo25
·2021-05-18
Let's go baba
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YQ17
·2021-05-18
Good
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- YQ17:
  [Miser] baba
  2021-05-18
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BossBoss
·2021-05-18
Wow ?
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The deal implies a pre-investment valuation of $6.9 billion for The CrownX, the statement showed.Masan is in advanced talks with other investors on a further investment of $300 million to $400 million into The CrownX that is expected to close in 2021, the company said.As part of the deal, the Vietnamese retail firm will team up with Alibaba’s Southeast Asian unit Lazada to expand its digital business in the country. Jack Ma’s firm is seeking to expand its foothold in Southeast Asia, home to more than 650 million people, as competition and regulatory scrutiny intensify in its home market of China. Vietnam’s digital economy is forecast to grow to $52 billion by 2025, an annual 29% increase from 2020, according to estimates by Bain & Co., Google and Temasek.VinCommerce will provide groceries to Lazada’s e-commerce platform in Vietnam and turn its physical stores into pick-up points for online orders, according to the statement. 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go alibaba, asia amazon&nbsp;","listText":"Go go alibaba, asia amazon&nbsp;","text":"Go go alibaba, asia 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it had positive impact","listText":"Hope it had positive impact","text":"Hope it had positive impact","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195433487","repostId":2136395003,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":195439141,"gmtCreate":1621306274483,"gmtModify":1704355501030,"author":{"id":"3576378489351818","authorId":"3576378489351818","name":"leo25","avatar":"https://static.tigerbbs.com/ab51c41dab6151e3e3dc34d5be666123","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3576378489351818","authorIdStr":"3576378489351818"},"htmlText":"Let's go baba","listText":"Let's go baba","text":"Let's go 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