Chinese language e-commerce large Alibaba Group Holding plans to speculate round $2 billion (TL 54.04 billion) in Türkiye within the close to future, in line with a senior official.
The intention was forwarded by Michael Evans, president of Alibaba, throughout a gathering with President Recep Tayyip Erdoğan, in line with an announcement from the corporate’s Turkish unit.
It didn’t specify when the funding can be made however mentioned the plan is for “the approaching interval.”
Evans was accompanied by Çağlayan Çetin, president of Turkish e-commerce platform Trendyol, the place Alibaba has made main investments since 2018.
Alibaba holds greater than a 76% stake in Trendyol.
The assembly happened in Istanbul on Friday, in line with the assertion.
Evans mentioned the corporate has “confidence in Türkiye’s sound financial fundamentals” and has already invested as much as $1.4 billion within the nation by Trendyol, one of many nation’s best-known e-commerce platforms, the assertion mentioned.
He additionally expressed help for Trendyol’s worldwide growth plans and underscored that Türkiye has the potential to turn into one of many main e-export international locations, the assertion famous.
Erdoğan is in the US to attend the 78th session of the U.N. Basic Meeting.
Trendyol mentioned Evans shared particulars about new investments corresponding to knowledge and logistics facilities in Ankara and an export operation heart at Istanbul Airport.