Alibaba Plans $2B Investment In Turkey: Report - Alibaba Gr Holding (NYSE:BABA)

China’s Alibaba to invest $2 billion in Turkey

The news follows economic changes in Turkey as well as improving ties between Turkey and China.

Alibaba pledges to invest US$2 billion in Turkey via Trendyol platform

Alibaba’s additional investment in its Turkish platform comes after it made an operating profit in the country for the first time in the June quarter.

The Chinese online retailer plans to invest large sums of money in new centers in Ankara and Istanbul. The Turkish president is also hoping for investments from Elon Musk's Tesla.

Alibaba will invest more in Turkey

ALBAWABA – Alibaba will invest more in Turkey, the company’s Turkish arm Trendyol announced, after the head of the Chinese tech giant, Michael Evans, met with President Recep Tayyip Erdogan on Friday...

Alibaba plans to invest $2B in Turkey

Alibaba (BABA) plans to invest $2B in Turkey. Read more here

Alibaba Group tells Erdogan it plans to invest $2B in Turkey

ISTANBUL  -Chinese e-commerce giant Alibaba Group Holding Ltd has told Turkish President Tayyip Erdogan it plans to invest $2 billion in Turkey. Michael Evans, president of Alibaba, made the comments in a meeting with Erdogan, according to a statement from the company’s Turkish unit. It did not specify when the investment would be made. Evans