Turkey’s e-commerce platform Trendyol receives $330 million additional investment from Alibaba

FF Injector Apk

Turkish e-commerce platform Trendyol has received an additional $330 million investment from existing partner Alibaba in a capital increase. With this injection of capital, Alibaba now holds an 86.5% stake in the company.

According to Webrazzi, and confirmed via Reuters, this investment would see Trendyol’s valuation increase to $11 billion.

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