Alibaba to invest $2 billion in Turkey, global business tentacles extended to the Middle East
Hawk_Finance
2023-09-20 14:37:23
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On September 18, it was reported that Michael Evans, president of Alibaba Group, recently announced in a meeting with Turkish President Erdogan that Alibaba plans to invest US $2 billion, or about 145 yuan, in Turkey in the coming period..800 million yuan。It is understood that Alibaba plans to invest in the country through its Turkish e-commerce platform Trendyol。In a statement, Trendyol said Michael Evans made the announcement during a meeting with Erdogan in Istanbul on Friday (September 15).。Evans did not specify a specific time frame for the investment, but said the plan would be implemented "for some time to come."。He also revealed that Alibaba plans to build a data center and a logistics center in Ankara, Turkey, as well as an export operation center at Istanbul Airport.。These investments will bring new development opportunities to Turkey's e-commerce and logistics industries.。
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