Alibaba invests $ 330M in Trendyol at valuation of $11 billion

In a capital increase, the Turkish e-commerce platform Trendyol receives an additional investment of USD 330 million from its partner Alibaba Group.

With this injection, Chinese e-commerce giant Alibaba’s share in Trendyol raised to 86.5 percent.Alibaba has made its initial investment in Trendyol in 2018.

Trendyol’s valuation reached USD 11 billion with this investment.

Turkey’s e-commerce volume was USD 32 billion in 2020 rising 66 percent y-o-y.​


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