FEATURED NEWS

Featured information about Masan Group and Market

February 10, 2023

Masan buys stake in Singaporean software firm

Masan Group, through its subsidiary The Sherpa, will spend US$105 million to take a 25% stake in Singaporean software developer Trust IQ.

Masan Group receives the certificate of offshore investment registration

The certificate of offshore investment registration was given to Masan on Friday by the Ministry of Planning and Investment within the framework of Prime Minister Pham Minh Chinh’s official visit to Singapore.  

Masan Group said investing in Trust IQ, which operates in the fields of software development, technology and applications, will help the conglomerate accelerate the application of artificial intelligence in retail and consumption.

This is part of its strategy to create a consumer, retail and technology ecosystem capable of meeting 80% of the essential needs of the Vietnamese people.

Trust IQ, backed by investment funds such as Sequoia Capital, Beenext, Tanglin Ventures, 500 Startups and Genesis Alternative Ventures, is the parent company of Trusting Social, a fintech business operating in Vietnam and known for its credit scoring tool which assesses the financial capacity of borrowers.

In mid-2022, Masan invested $65 million in Trusting Social to take 25% stakes in the company.

Source: VnExpress



Related News

Updated

Bain Capital leads MSN’s equity funding round of up to US$500 million

October 05, 2023

Updated

Masan Group was honored with "Best Companies to Work for in Asia"

August 07, 2023

Updated

Masan Group honored among Vietnam's top 50 sustainable enterprises in 2023

June 30, 2023

Updated

Masan eyes $4.27b revenues through 3 growth engines

April 26, 2023

Updated

Masan successfully draws down first tranche of its $650 million syndicated loan

March 30, 2023

Updated

Masan Group secures $650M loan from foreign lenders

March 11, 2023