Alibaba invests in Turkish electricity company Trendix
According to media reports, Turkish e-commerce company Trendyol issued a statement on Thursday local time, saying that the Chinese e-commerce company Alibaba decided to invest in the company, and the specific investment amount was not disclosed.
Trendyol is Turkey's most well-known online fashion retailer, having previously attracted a lot of foreign investors to inject capital, and the company has taken a leading position in Turkey's extremely fragmented e-commerce market.
Trendyol stated in a statement: "With this agreement, Alibaba and Trendyol will work together to promote the company's development in Turkey and the surrounding areas."
However, neither company has currently disclosed the exact size and timing of the investment and is unwilling to comment further on this.
In fact, this is not the first time that Alibaba has cooperated with Turkish companies. As early as 2015, Alibaba announced its cooperation with local e-commerce company E-Glober, planning to use this cooperation to provide one-stop global resource procurement channels for Turkish SMEs to facilitate international trade.
Earlier this year, Alibaba, the cloud computing unit of Ali, announced that it has established a partnership with E-Glober to bring strong, reliable and cost-effective cloud computing products and services to the Turkish market, helping local companies capture digital transformation. Opportunity.
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Trendyol is Turkey's most well-known online fashion retailer, having previously attracted a lot of foreign investors to inject capital, and the company has taken a leading position in Turkey's extremely fragmented e-commerce market.
Trendyol stated in a statement: "With this agreement, Alibaba and Trendyol will work together to promote the company's development in Turkey and the surrounding areas."
However, neither company has currently disclosed the exact size and timing of the investment and is unwilling to comment further on this.
In fact, this is not the first time that Alibaba has cooperated with Turkish companies. As early as 2015, Alibaba announced its cooperation with local e-commerce company E-Glober, planning to use this cooperation to provide one-stop global resource procurement channels for Turkish SMEs to facilitate international trade.
Earlier this year, Alibaba, the cloud computing unit of Ali, announced that it has established a partnership with E-Glober to bring strong, reliable and cost-effective cloud computing products and services to the Turkish market, helping local companies capture digital transformation. Opportunity.
Electronics Industry Follow Me
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