The CrownX Corporation Raises $350 Million at $8.2 Billion Valuation for Retail Industry

The CrownX Corporation is a consumer retail platform. It is an integrated platform that provides its clients with essential products and services in off and online formats.

TPG, Platinum Orchid, and SeaTown Master Fund, managed by a wholly-owned indirect subsidiary of Temasek Holdings, the Transaction, participated in the recent round. The investments raised will be used for initiatives growth. “We are very excited to have the opportunity to partner with The CrownX and Masan organization through this investment.”, Steven Chua, Deputy CIO at SeaTown Master Fund.

The CrownX, from Vietnam, was launched in 2019. The company’s CEO is Truong Cong Thang. It is a sub-organization of MASAN Group. The CrownX cost-efficient model helps to attract a lot of customers. “We have outlined our Point of Life vision for over 7 years now. The partnership with TPG, ADIA, and SeaTown is a validation of our ability to bring to life our Point of Life vision.”, Mr. Danny Le, CEO of Masan Group. The company is planning to expand the network and to fully digitize the platform and become a consumer tech company.

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