HANOI -- Chinese retail giant Alibaba has, through its unit Alibaba International Digital Commerce Group (AIDC), agreed to buy a minority interest in Vietnam-based cosmetics and beauty chain Hasaki, DealStreetAsia has learned.
DealStreetAsia
Alibaba unit to invest in Vietnam beauty, personal care company Hasaki
Chain aims to capture at least 35% of local market share by 2027
A cosmetics store in Hanoi. Vietnam's beauty and personal care sector is one of the country's fastest-growing consumer segments, according to cosmetics chain Hasaki. © AFP/Jiji
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