24 Nov 2023 --- Alibaba ventures back into the Vietnamese market. This time, according to Deal Street Asia, with a minority investment in the cosmetics and beauty chain Hasaki. Alibaba is making the move through its arm, Alibaba International Digital Commerce Group (AIDC). Hasaki is a growing chain launched in 2016 with more than 140 stores and clinics across Vietnam, plus a growing online retail site. It is backed by Hong Kong-based Excelsior Capital Asia’s Vietnam fund.
