Chinese e-commerce giant Alibaba plans to invest over 1 billion dollars (18.75 billion TL) in Michael Evans, head of the Turkish company Alibaba, said during a visit to Turkovaz Media Group in Istanbul.
“there great Produce power in Turkey is the most advantageous country in the world in That meaning,” he said.
Evans said there are always ups and downs in Economics, there are opportunities when one considered long term.
We will continue to invest in smallMedium-sized companies and traders in Turkey. “
He said that they “will transfer Turkey’s production power and export potential to Europe and the Middle East.
he also Several G20 said countries have consumption powerbut there is no production power.
countries with high technology infrastructure and production power will come to the fore. Because we see that Turkey is very strong in These two areas, it will definitely come in handy in G20.
Evans also comment on questions on Turkey’s largest e-commerce company, Trendyol, which, with the support of Alibaba, has become a Türkiye company first “Decacorn”.
Asked if Alibaba has inventory market plan in Turkey with Evans Trendyol said, “I’ll go public It has advantages and disadvantages. I think it is useful to be a public company. But Trendyol management should This is decided. “
“If they want Togo publicWe will support them, with the growth of Trendyol,” he said.
Meanwhile, the head of Trendyol Group, Caglayan Cetin, stated that the company has many investors and that there are no need Togo public And raising capital at the moment. “We don’t have an acronym-term plan. If we achieve growth goals we want in For a short time, it might be in From three to five years.
Gettin also said so for the first time, the Turkish brand is main sponsor of olympics and those products like ready-made Clothing and souvenirs that will be sold during the Olympic Games will be produced in Turkish and exported to 100 countries by Trendyol.
trendyol, one of Turkish bestWell-known e-commerce retail platforms, and won the support of foreign investors and got leading put in Fragmented e-commerce in the country market.
After buying Trendyol in 2018, Chinese giant Alibaba raised its stake to 86.5% after the deal.
Previously in January last yearIt was said that Trendyol was planning to dualPreliminary list public offering (IPO) in New York or London when its income from foreign sales reaches 30%-35% of It total Revenues.
