Business

Turkey’s competition authority opens probe into e-commerce firm Trendyol

Board says preliminary inquiry over Trendyol’s violating protection of competition law concluded

The Turkish Competition Authority on Monday decided to open an investigation into e-commerce firm Trendyol, backed by Chinese internet giant Alibaba,on whether the company violated the country’s competition laws.

A preliminary inquiry over Trendyol’s violating the country’s law on the protection of the competition has been concluded, the competition board said in a statement.

The probe will decide whether Trendyol violated the fourth article of Turkey’s competition law related to practices to disrupt, prevent or limit competition, and the sixth article on abuse of dominant position in the market.

Source
AA

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