New retail holding company Ficus raised equity funding from EWTP Capital, which is backed by corporate parent Alibaba.

EWTP Capital, the investment vehicle backed by e-commerce group Alibaba, has provided $50m for Singapore-registered new retail technology firm Ficus, Tech in Asia reported yesterday.

Ficus is the majority owner of Seedcom, an investment entity that oversees Vietnam-based ventures including coffee and tea producer Cau Dat Farm, fashion retailer Juno and a chain of cafes called The Coffee House.

Dinh Anh Huan co-founded Seedcom in 2014 and remains its chairman, before founding Ficus three years later, according to DealStreetAsia.

Seedcom…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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