Alibaba tells Erdogan it plans to invest $2 billion in Turkey

Chinese language e-commerce big Alibaba Group Holding Ltd has informed Turkish President Tayyip Erdogan it plans to take a position $2 billion in Turkey.

Michael Evans, president of Alibaba, made the feedback in a gathering with Erdogan, based on an announcement from the corporate’s Turkish unit. It didn’t specify when the funding could be made.

Evans additionally mentioned Alibaba has invested $1.4 billion in Turkey by its unit Trendyol, one in every of Turkey’s finest recognized e-commerce platforms, the assertion mentioned.

Erdogan is in the US to attend the 78th session of the U.N. Common Meeting.

Trendyol, whose president Caglayan Cetin additionally met with Erdogan, mentioned Evans shared particulars about new investments comparable to a knowledge centre and a logistics centre in Ankara and an export operation centre at Istanbul Airport.