• About us
  • Our Services
  • Contact
  • About us
  • Our Services
Contact Us
Turkish Economy and Business Life

Trendyol Becomes Turkey’s Most Valuable Company with New Investment from Alibaba

May 6, 2021 Comments Off on Trendyol Becomes Turkey’s Most Valuable Company with New Investment from Alibaba

One of Turkey’s leading e-commerce company Trendyol received a new investment of $350 million from its partner company Alibaba. With this new investment, Trendyol increases its valuation to $9.35 billion and becomes the most valuable company in Turkey.

With 86.50% of the company’s shares, Alibaba is the largest shareholder of Trendyol, which sold 347 million products in 2020 alone. In addition to Alibaba, the founding partner of the company, Demet Mutlu holds 6.96% of the company’s shares while Evren Üçok owns 5.55%, Begüm Tekin owns 0.78%, and Zeki Güçlü Kaya owns 0.21% of the shares.

According to Webrazzi, there are also rumors that the company is planning a new investment tour and aims to increase its valuation to at least $15 billion in the near future.

  • business in turkey
  • turkish economy

Post navigation

Previous
Next

Continue reading

Turkish Economy and Business Life

2022 Minimum Wage Amount is Announced

December 24, 2021 Comments Off on 2022 Minimum Wage Amount is Announced

Minimum wage amount for 2022 announced by the president is effective as of 1st of January 2022. According to the statement released by the Ministry of Labor and Social Security, gross minimum wage for 2022 has been set as 5.004,00 TRY and net minimum wage has ben set as 4.253,40 TRY. Minimum wage amount is increased by 50% […]

Investment Incentives, Turkish Economy and Business Life

Best Locations to Invest in Turkey

December 3, 2021 Comments Off on Best Locations to Invest in Turkey

Turkey is a country where investments are increasing day by day with a developing economy and a qualified workforce. Turkey, which connects Asia and Europe, has many important transportation points that attract the attention of foreign investors. There are investment incentives offered to foreign investors in many sectors such as real estate, agriculture, energy, telecommunications, […]

Investment Incentives, Turkish Economy and Business Life

Top Sectors to Invest in Turkey

November 23, 2021 Comments Off on Top Sectors to Invest in Turkey

Turkey attracts investors from many different nationalities all around the world. The biggest reason for this is the positive discriminatory features that it has. These features are a highly skilled workforce, its geopolitical position, its ability to accommodate people of many different nationalities, and its developing economy. Turkey also provides many investment incentive support to […]

One Stop Integrated Corporate and Professional Services for Starting and Operating a Business in Türkiye

  • About Us
  • Services
  • Terms & Conditions
  • Privacy Policy
Copyright © 2024 Bilgener Integrated Corporate Services Inc.