Alibaba and partner acquire 5.5% stake in Masan retail arm
The Vietnamese retailer will modernize Vietnam’s grocery market and develop an unparalleled consumer proposition from assortment to shopping experience.
The Vietnamese retailer will modernize Vietnam’s grocery market and develop an unparalleled consumer proposition from assortment to shopping experience.
At a price of VND 48,000 (US$2.07) per share, Masan valued the company at US$46 million and price to earnings (P/E) multiple of 13x.