Alibaba Announces Why It Invested in Trendyol

Alibaba Group President Michael Evans made commendable statements about the country during his visit to Turkey. Evans also evaluated Trendyol and some important companies.

China’s worldwide e-commerce, retail and technology company Michael Evans, Chairman of Alibaba Group, visited Trendyol, the first decacorn of our country, the other day. Evans made important statements about Turkey during his visit.

Evans, evaluating his visit, stated that Turkey is an important logistics and production center in the region, as well as a technology center He stated that too. The President also shared his reasons for investing in Turkey in 2018.

Trendyol outperformed its competitors in the international arena

Alibaba Group invested in Trendyol in 2018 and became the company’s strategic investor. Sharing that they invested in Turkey for three reasons at that time, Evans said that the main reason was Turkey’s to offer a strong and diverse production structure stated that.

The second reason was its advantageous geographical location, quality internet and transportation infrastructure. The third reason was that Trendyol was ahead of its competitors among the companies to invest in. Alibaba Group President Evans stated that they said “Good thing we did” for this investment today. Evans, About Turkey’s future He shared the following view:

“Creating an ecosystem requires a long-term perspective. Considering that the interest in technology is constantly increasing, we see that Turkey has become an ecosystem that will bring out companies that will show great success in the global arena in the future.”

He also gave examples on Baykar and Togg:

  • From left to right: Alibaba Group President Michael Evans, Vice President Fuat Oktay, Trendyol Group President Çağlayan Çetin.

“I am sure that Turkish technology companies that will make a name for themselves in many fields in the world will emerge in the coming period. There is a very qualified human resource in Turkey. During my visit to Baykar, I saw a pioneering Turkish company in unmanned aerial vehicle technologies, developing technologies that have no precedent in the world. With Togg, I observed the distance Turkey has covered in mobility solutions that many countries around the world are working on. I am very pleased with Trendyol’s collaboration with Togg.”

In addition to visiting Trendyol’s headquarters during his visit to Turkey, Evans contacts at the public and private sector level has also done. He also visited Anıtkabir, laid a wreath at Atatürk’s mausoleum and signed the Anıtkabir Special Book.


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