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The CrownX
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Alibaba invests in VinMart operator The CrownX
A consortium led by Chinese e-commerce giant Alibaba will invest $400 million in the subsidiary of conglomerate Masan Group that operates retail chain VinMart.
The CrownX: Masan’s retail axis of existence for millions
With its recent mergers and acquisitions, private conglomerate Masan has unveiled plans to thoroughly dominate Vietnam’s online and offline retail markets.
Masan buys additional shares in subsidiary The CrownX
Conglomerate Masan Group has acquired an additional 4.7 percentage stake in its subsidiary The CrownX, bringing its ownership to 84.9 percent.
June 30, 2021 | 11:49 pm PT
SK Group invests $340 mln in Masan subsidiary
South Korea’s SK Group will buy a 4.9 percent stake in The CrownX for $345 million, while Masan Group will increase its stake by 0.1 percentage point.
November 11, 2021 | 07:38 pm PT