Alibaba is investing $1 billion in Turkey.

Michael Evans, president of Chinese e-commerce giant Alibaba Group Holding Ltd, has announced plans for an investment of more than $1 billion into a logistics hub at Istanbul Airport and a data centre close to Ankara, the capital of Turkey

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In an interview with Turkey’s Sabah newspaper, Evans stated that the company was planning to invest in Europe and the Middle East, and he views Turkey as a very strong production base.

Alibaba is a major investor in Trendyol, a prominent e-commerce platform in Turkey.

He stated that the selection of Trendyol was due to its advanced technology and its potential to expand, expressing their intention to make it a center for both Europe and the Middle East.

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