Alibaba, the Chinese e-commerce giant, has announced a $2 billion investment in Turkey during a meeting with Turkish President Recep Tayyip Erdogan. The investment is aimed at enhancing trade between the two countries and boosting the presence of Alibaba in Turkey’s e-commerce market. The deal also includes plans to establish a logistics center and a cloud computing center in Istanbul. This move signifies Alibaba’s continued efforts to expand its global reach, particularly in emerging markets. Additionally, it highlights the growing economic ties between China and Turkey..
Alibaba Group Holding Ltd. announced plans to invest $2 billion in Turkey after a meeting with President Recep Tayyip Erdogan.
The head of the Chinese giant, Michael Evans, made the announcement after the meeting in Istanbul on Friday, according to a statement from its Turkish unit Trendyol. He indicated that the company has “confidence in Turkey’s sound economic fundamentals” and has already invested $1.4 billion in the country through Trendyol, Turkey’s biggest e-commerce marketplace.
Alibaba Group Holding Ltd. has revealed plans to invest $2 billion in Turkey following a meeting with President Recep Tayyip Erdogan. Michael Evans, the head of the Chinese company, made the announcement in Istanbul, stating that the company has faith in Turkey’s strong economic fundamentals. This new investment is in addition to the $1.4 billion already invested in the country through Turkey’s largest e-commerce marketplace, Trendyol.
Hashtags: #Alibaba #Unveils #Billion #Turkey #Investment #Erdogan #Meeting
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