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News Economy E-commerce giant Alibaba planning to invest $2 billion in Türkiye

E-commerce giant Alibaba planning to invest $2 billion in Türkiye

E-commerce giant Alibaba is reportedly preparing to make a significant investment of $2 billion in Türkiye, as disclosed by its Turkish subsidiary Trendyol on Monday. This announcement followed a meeting between Michael Evans, President of Alibaba, and Turkish President Recep Tayyip Erdoğan in Istanbul on Friday.

Anadolu Agency ECONOMY
Published September 18,2023
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E-COMMERCE GIANT ALIBABA PLANNING TO INVEST $2 BILLION IN TÜRKIYE

E-commerce giant Alibaba is planning to invest $2 billion in Türkiye, its Turkish unit Trendyol said on Monday.

The announcement came after Michael Evans, the president of Alibaba, met with Turkish President Recep Tayyip Erdoğan in Istanbul on Friday.

Evans told Erdoğan that Alibaba has invested $1.4 billion in the country via Trendyol thanks to the e-commerce giant's confidence in Türkiye's sound economic fundamentals.


He shared details with the Turkish president about new investments such as the data center and logistics center in Ankara and the export operations center at Istanbul Airport.