eBay Announces GittiGidiyor Will Be Shut Down

One of Turkey’s most rooted e-commerce companies goneWith eBay’s purchase of 93% of the company’s shares in May 2011, the world’s giant came under the roof of the platform. Bad news came from GittiGidiyor, which has been serving under eBay until today. eBay announced that GittiGidiyor will be closed in its announcement.

According to the written statement made by eBay, the company, which is a subsidiary of Turkey, Decided to close GittiGidiyor. In the statement, it was stated that sellers serving on GittiGidiyor will not be able to post new ads on the platform as of today. As of July 18, it was shared that buyers will not be able to make new purchases, that is, the trading on the platform will end completely.

Description shared by eBay:

“eBay announced today that it will take steps to close its marketplace business GittiGidiyor in Turkey. eBay acquired a majority stake in GittiGidiyor in 2011 and ran the business as an independent platform. eBay regularly reviews its business operations globally and made this difficult but strategic decision. based on the ongoing competitive dynamics in the market. has received.

eBay will work closely with GittiGidiyor buyers and sellers to assist with the transition from the platform and will directly share more detailed information with them later today. From today, sellers will not be able to list new items, and from July 18, buyers will not be able to make new purchases. Buyers and sellers will have access to My Account pages until September 5, 2022.

Closing the GittiGidiyor business is not expected to have a material impact on eBay’s Q2 or full year results. For reference, GittiGidiyor contributed approximately 4 million active buyers to eBay’s consolidated number of active buyers at the end of the first quarter of 2022.”

After eBay’s strategic decision, another book will be closed in Turkey. World trade giant eBay will thus have withdrawn its hand from Turkey.