With this injection of capital, Alibaba now holds an 86.5% stake in the company. According to Webrazzi and Reuters, the investment brings Trendyol’s valuation to USD 11 billion.
Founded in 2010, Trendyol is Turkey’s largest ecommerce company as well as the largest internet services-based employer. The company added the online grocery sector as well as food delivery services to its roster in 2020 and sells on average 1 million products per day.
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