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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.

Amazon – Alibaba competition toughens in Vietnam and Southeast Asia

Two e-commerce giants Amazon and Alibaba are prompting significant moves to dominate Vietnam and Southeast Asia market.

Following Alibaba, Amazon to land in Vietnam in March

Nguyen Thanh Hung, Chairman of Vietnam E-commerce Association (VECOM), said that Amazon will officially enter Vietnamese market in March through its initial investment in small and medium scaled enterprises (SME).

US$291 million invested in Vietnamese startups

The number of startups invested doubled after one year, reaching 92 enterprises.

Jack Ma initiated non-cash payment services, affirming Alibaba's business plan in Vietnam

Billionaire Jack Ma, founder of China's biggest online commerce company Alibaba, said he would study setting up Vietnam's store on the company's e-commerce application.

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