Alibaba head, President Erdogan debate $2 billion funding in Turkey

Thu, 30 Nov 2023

Alibaba head, President Erdogan debate $2 billion funding in Turkey

Robert Besser
21 Sep 2023, 22:13 GMT+10

During a meeting, Michael Evans, President of the Alibaba Group, told Turkish President Tayyip Erdogan that the Chinese e-commerce giant plans to invest US$2 billion in Turkey
Evans did not specify when the investment would be made
Alibaba has already invested $1.4 billion in Turkey through its unit Trendyol, one of Turkey's best known e-commerce platforms

ANKARA, Turkey: During a meeting, Michael Evans, President of the Alibaba Group, told Turkish President Tayyip Erdogan that the Chinese e-commerce giant plans to invest US$2 billion in Turkey.

However, Evans did not specify when the investment would be made.

Alibaba has already invested $1.4 billion in Turkey through its unit Trendyol, one of Turkey's best known e-commerce platforms, Evans said.

Trendyol, whose president, Caglayan Cetin also met with Erdogan, said 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.

Erdogan is in the U.S. to attend the 78th session of the United Nations General Assembly.

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