Alibaba and Baring Private Equity Asia Lead $400M Investment in Masan's The CrownX

May 18, 2021

A consortium led by Alibaba Group and Baring Private Equity Asia agreed to acquire a 5.5% stake in The CrownX for USD 400 million, implying a pre-money valuation of about USD 6.9 billion. The investment includes a strategic cooperation agreement with Lazada to accelerate The CrownX's offline-to-online (O2O) capabilities and expand its digital grocery ecosystem across Vietnam.

Buyers
Alibaba Group, Baring Private Equity Asia
Targets
The CrownX
Sellers
Masan Group Corporation
Industry
Retail
Location
Ho Chi Minh City, Vietnam
Transaction Type
Growth capital

Explore More

Related articles

Build a buyer list for your deal

Find active buyers from recent acquisition patterns and move straight into outreach.

Find buyers like these →