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- 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 corporation 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.
www.bloomberg.com/news/articles/2021-05-18/alibaba-leads-400-million-investment-in-vietnam-retail-giantAlibaba Leads $400 Million Investment in Vietnam Retail Firm
People also ask
Will Alibaba & Lazada have a distribution network in Vietnam?
Will Lazada & Masan help modernize Vietnam's retail landscape?
Does Lazada have a retail market in Vietnam?
Why did Alibaba invest in Vietnam?
Is Alibaba investing $400 million in Masan Group?
Is the Vietnam deal a 'land grab' by Alibaba and Lazada?
May 18, 2021 · The deal will give Alibaba and Lazada access to a network of more than 2,000 stores, meaning the companies do not have to invest significantly to establish a distribution network in...
- Mercedes Ruehl
May 21, 2021 · The deal is one of the largest by Alibaba in SoutheastAsia since it bought Lazada in 2018 for 4 billion USD. It will allow Alibabaand Lazada to access a network of more than 2,000 outlets without having to spendtime and money establishing a distribution network.
May 18, 2021 · Alibaba Group Holding Ltd (9988.HK) is leading a $400 million funding in the retail unit of Vietnamese conglomerate Masan Group Corp (MSN.HM), marking its first investment in one of Asia's...
Jun 28, 2021 · Kenny Ho, Head of Investment for Southeast Asia at Alibaba, said 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 for modernizing Vietnam's retail landscape.
- Thanh Duong
Jan 19, 2021 · To counter Shopee, Singapore-based Lazada in November joined with Grab in Vietnam, a wide-ranging partnership that offers Grab a way to strengthen its focus on ecommerce.
Alibaba recently led a US$400 million investment in Masan Group, which owns supermarket chain VinMart. Naturally, the deal is expected to give the Chinese tech giant’s Lazada a competitive edge...
May 18, 2021 · 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 online...
