It would not be a wrong statement to say that with Turkey’s development move, significant attention of foreign investors is being drawn to our country. After the meeting between President Erdoğan and Elon Musk in the morning, details of Alibaba’s investment in Turkey began to emerge. Here are the details about Alibaba and its 2 billion dollar investment…
Alibaba will invest 2 billion dollars in Turkey through Trendyol!
According to Bloomberg news, Trendyol’s Turkish unit said in a statement: “The chairman of the Chinese giant, Michael Evans, made the investment announcement last week on Friday. In the statement, it was stated that “they have confidence in Turkey’s economy and thus an investment of 1.5 billion dollars has already been made through Trendyol.” However, Alibaba Group Holding Ltd. After his meeting with President Recep Tayyip Erdoğan, he also announced that he plans to invest 2 billion dollars in Turkey.
Evans stated that with this investment, Turkey has the potential to become one of the largest e-commerce markets and e-export countries in the world, together with Trendyol, and emphasized that Alibaba is very hopeful about Turkey.
Open invitation to Elon Musk: Produce in Turkey!
Elon Musk was hosted at the Turkish House. In addition, he was given an open invitation by the President to produce in Turkey!
However, the Turkish Ministry of Commerce also drew attention to the increase in transactions in e-commerce. In the statement, it was stated that Turkey’s e-commerce volume increased by 109 percent compared to last year, and 20 percent of all shopping transactions in Turkey took place over the internet.
Evans did not mention the investment plan and process in the rest of the statement. However, he stated that the total investment will be at the level of 2 billion dollars and that they are very hopeful about Turkey’s potential. It is possible to see the Trendyol brand in many different e-commerce fields in the future. It will gradually make more progress in a sales strategy similar to the Alibaba brand.