Alibaba Group plans to invest US $2 billion in Turkey

CTOnews.com news on September 18, Michael Evans, president of Alibaba Group, promised when meeting with Turkish President Recep Tayyip Erdogan that Alibaba plans to invest 2 billion US dollars in Turkey in the future (CTOnews.com Note: currently about 14.58 billion yuan).

However, the statement did not specify when the investment would be made. The statement also mentioned that Alibaba, through its subsidiary Trendyol, has invested US $1.4 billion in Turkey (Trendyol is one of Turkey's most famous e-commerce platforms, and Alibaba acquired a majority stake in Trendyol in 2018).

Caglayan Cetin, president of Trendyol, also held talks with Erdogan and shared some details about the investment, including the construction of a data centre and a logistics centre in Ankara, as well as an export operations centre at Istanbul airport.