Alibaba Plans to Invest $2 Billion in Turkey
Sep 20, 2023 07:46 AM
Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey.
Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan, according to a statement from the company's Turkish unit. It did not specify when the investment would be made.
Evans says Alibaba has invested $1.4 billion in Turkey through its unit Trendyol, one of Turkey's best-known e-commerce platforms.
Evans shared details about new investments such as a data centre and a logistics centre in Ankara and an export operation centre at Istanbul Airport.
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