7/24/2018

China’s Alibaba Invests in Turkish E-Commerce Company

China-based internet giant Alibaba Group declared that it has decided to invest in Turkish e-commerce company Trendyol at the end of June 2018.

 

Trendyol is one of the leading e-commerce companies in Turkey and holds a leading position among online fashion retailers. The Competition Authority approved the deal on July 24.

 

Previously, President Recep Tayyip Erdoğan has received founder of Alibaba Jack Ma on the occasion of his official visit to New York to attend the 72nd United Nations General Assembly meetings in September 2017.

alibaba; trendyol; china; turkey; investment

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