Business

Alibaba, partners invest US$400 million in retail arm of Vietnam's Masan

Chinese e-commerce leader Alibaba Group Holding Ltd and partners have invested US$400 million in the retail unit of Vietnamese conglomerate Masan Group Corp, Masan said in a statement on Tuesday.

FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter

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HANOI: Chinese e-commerce leader Alibaba Group Holding Ltd and partners have invested US$400 million in the retail unit of Vietnamese conglomerate Masan Group Corp, Masan said in a statement on Tuesday.

(Reporting by Phuong Nguyen; Editing by Christopher Cushing)

Source: Reuters