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E-commerce giant Alibaba announces why it invested in Trendyol

  • January 11, 2023
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China’s global e-commerce, retail and technology company Michael Evans, chairman of the Alibaba group, visited Trendyol, the first decacorn of our country, recently. Evans made important statements about

E-commerce giant Alibaba announces why it invested in Trendyol

China’s global e-commerce, retail and technology company Michael Evans, chairman of the Alibaba group, visited Trendyol, the first decacorn of our country, recently. Evans made important statements about Turkey during his visit.

Evaluating his visit, Evans stated that Turkey is an important logistics and manufacturing center in the region, as well as a technology center He also stated that. The president also shared his reasons for investing in Turkey in 2018.

Trendyol outperformed its competitors in the international arena

alibaba group

Alibaba Group invested in Trendyol in 2018 and became the company’s strategic investor. Evans said they invested in Turkey for three reasons at the time and said the main reason was Turkey’s to offer a strong and diverse production structure stated that.

The second reason was the favorable geographical location, high-quality internet and transport infrastructure. The third reason was that Trendyol was ahead of its competitors in the companies to invest in. Evans, president of the Alibaba Group, stated that today they said “Good thing we did it” for this investment. evans, About the future of Turkey He shared the following opinion:

“Creating an ecosystem requires a long-term perspective. Given that the interest in technology is constantly increasing, we see that Turkey has become an ecosystem that will spawn companies that will achieve great success in the global arena in the future.”

He also gave examples about Baykar and Togg:

  • From left to right: Alibaba Group President Michael Evans, Vice President Fuat Oktay, Trendyol Group President Çağlayan Çetin.

“I am sure that Turkish technology companies will emerge in the near future and make a name for themselves in many areas of the world. There is a highly qualified workforce in Turkey. During my visit to Baykar, I saw a pioneering Turkish company in unmanned aerial vehicle technologies, developing technologies that have no precedent in the world. With Togg, I observed the distance Turkey has come in mobility solutions that many countries around the world are working on. I am very happy with the collaboration between Trendyol and Togg.”

In addition to visiting Trendyol’s headquarters during his visit to Turkey, Evans contacts at the public and private sector level has also done. He also visited Anıtkabir, laid a wreath at Atatürk’s mausoleum and signed the Anıtkabir Special Book.

Source: Web Tekno

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