Alibaba is going to invest $2 billion in Turkey – Kommersant
Alibaba Group President Michael Evans said at a meeting with Turkish President Recep Tayyip Erdogan that the company plans to invest $2 billion in the country. About this write Western media citing a statement by Alibaba's local unit, Trendyol. Mr. Evans did not say when exactly the company plans to invest in the country. Trendyol said that, in particular, it plans to build a data center and logistics center in Ankara, as well as an export operations center at Istanbul Airport.
Mr Evans also said Alibaba had already invested $1.4 billion in Turkey through Trendyol. The company is the largest marketplace in Turkey. Recently, Alibaba has been trying to actively develop its international divisions. In June the company reported about plans to launch a localized version of its Tmall marketplace in Europe.
The history of the creation of Alibaba Group - in the material "The Market That Jack Built".
