As part of its collaboration with the United Brands Association (BMD), the e-commerce platform Trendyol will invest USD 500m within three years to support 452 brands in the BMD in going international with their e-commerce, according to a statement from the company. “E-commerce is an opportunity to increase foreign exchange inflow and value-added exports. The...
Tag: Trendyol
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Trendyol eyes IPO at home and abroad
BY MEHMET KAYA The e-commerce platform Trendyol, which was Turkey’s first decacorn with a valuation of USD 16.5bn, is planing an dual-listing initial public offering (IPO) on the London or New York stock exchanges, according to Caglayan Cetin, President of Trendyol Group. “We’ve set a high e-export volume for IPO. We aim for one-third of...
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Competition Board launches probe into Trendyol
Competition watchdog announced it had opened an investigation into Trendyol to determine whether the Turkish e-commerce, firm backed by Chinese internet giant Alibaba, had violated the competition law. The probe was launched after “preliminary research” produced sufficient findings, the Competition Authority (RK) said in a statement on its website. The probe will decide whether Trendyol...