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Home > Big Data > Alibaba to invest over $1 billion in Türkiye

Alibaba to invest over $1 billion in Türkiye

Alibaba plans to invest more than $1 billion in Türkiye to build a data center located outside the capital, Ankara in Temelli.


Erdem Yasar Erdem Yasar
January 10, 2023
1 min read
Alibaba to invest over $1 billion in a Turkish data center
  • Alibaba plans to invest more than $1 billion in Türkiye, including a data center located in the capital Ankara.
  • Alibaba’s President also stated that the company will support Trendyol if they decide to go public.
  • Alibaba also plans to invest in the country to use the Istanbul Airport as a logistic hub due to its strategic location.

Various online news sources claimed that Alibaba President Michael Evans said that Alibaba is planning on investing more than $1 billion in Türkiye. During a visit to Turkuvaz Media Group in Istanbul, Evans said that there are always volatilities in economies, and there are opportunities when one considers the long term.

Logistics hub

Evans also said that with its production power, Türkiye is the most advantageous country in the world in this sense. According to Evans, Alibaba will also invest in small and medium-sized enterprises and tradesmen in the country. Alibaba also plans to carry the country’s production power and export potential to Europe and the Middle East.

Evans also shared its thoughts about Trendyol, one of the biggest e-commerce platforms in Türkiye, which is backed by Alibaba. Alibaba may also have stock market plans in Türkiye with Trendyol. According to Evans, there are both advantages and disadvantages but it is advantageous to be a public company. However, Trendyol management should decide this. If the company decides to go public, Alibaba will support them as Trendyol grows.

See more Big Data News


Tags: Alibaba
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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