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VinCommerce

Alibaba buys into Masan’s retail arm

Chinese e-commerce giant Alibaba Group and Baring Private Equity Asia have paid $400 million to buy 5.5 per cent stake in The CrownX, retail unit of Vietnamese conglomerate Masan.

SK Group chips in VinCommerce

Transaction values VinCommerce at $2.5 billion for 100 per cent of its equity.

Vingroup retail subsidiary acquires Fivimart

All 23 Fivimart stores will be intergrated into Vingroup’s system and renamed to Vinmart soon.

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