Hepsiburada

Hepsiburada, Türkiye's leading e-commerce platform, has reported an annual increase of 15.1 percent in its gross merchandise value (GMV) in the first quarter of 2023 to 15.1 billion Turkish Liras, while unadjusted GMV rose by 78.4 percent to 14.8 billion liras.

The Scientific and Technological Research Council of Turkey (TÜBİTAK) and D-Market Electronic Services and Trading, the company behind Turkish e-commerce giant Hepsiburada, will jointly establish an artificial intelligence center, Industry and Technology Minister Mustafa Varank said on Sept. 12.

Shares of D-Market Electronic Services and Trading, also known as Hepsiburada, rose nearly 12 percent in their U.S. stock market debut on Thursday, giving the Turkish e-commerce platform a market value of $4.38 billion.

Turkey’s online retail giant Hepsiburada has become the only Turkish company that has taken place in a World Economic Forum (WEF) initiative’s report as a case study.

Hepsiburada.com, the largest e-commerce platform in Turkey and the surrounding region, has established a research and development (R&D) center in Istanbul to boost innovative and indigenous solutions. 

The new R&D center will offer technological support to Turkey's rapidly growing e-commerce sector, the company said in a statement on April 24.