Separator

China's e-commerce giant Alibaba to venture $1B in Turkey

Separator

According to reports, Alibaba Group Holding Ltd., a major player in Chinese e-commerce, plans to invest more than $1 billion in a data centre close to Ankara and a logistics hub at Istanbul Airport.

Evans was quoted in Turkey's Sabah newspaper as saying in an interview that Turkey has a very strong production base and that the corporation is aiming to develop in Europe and the Middle East.

We have a serious investment plan at Istanbul Airport. We can evaluate e-export plans from here to Europe, the Middle East and the Far East. We plan an investment of more than $1 billion," Evans was quoted as saying.
Alibaba supports Trendyol, one of Turkey's most well-known e-commerce sites.

"The reason we chose Trendyol was that its technology was advanced and its potential was great. We are positioning this place as a base for Europe and the Middle East," he said.

18 people, including former Hangzhou English instructor Jack Ma, founded the Alibaba Group in 1999. The founders of the business believed from the beginning that the Internet would level the playing field by allowing small businesses to take use of innovation and technology to expand and compete more successfully in both the domestic and international economies. Alibaba Group has developed into a digital ecosystem with businesses that include China commerce, international commerce, local consumer services, Cainiao, cloud, digital media and entertainment, innovation initiatives, and others since launching its first website to assist small and medium-sized businesses in China to sell internationally.

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