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Alibaba and Partners Take 5.5% Stake in Vietnamese Retail Group

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

Alibaba led a $400 million investment round in a Vietnamese retail group, signaling its focus on Southeast Asia’s emerging online grocery sector. The investment round, which included Baring Private Equity Asia, will give new investors a 5.5 percent stake in TheCrownX, the holding company for Masan Group Corp.’s interest in Masan Consumer Holdings and VinCommerce….

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