Trendyol
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Turkish factory produces items for Paris Olympics
As part of a factory in the western province of Denizli that is producing a special collection for the 2024 Paris Olympic Games, apparel produced by nearly 2,500 women workers will reach sports enthusiasts.
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Turkey's competition authority opens probe into e-commerce firm Trendyol
The Turkish Competition Authority on Oct. 11 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.
Hepsiburada, TÜBİTAK to launch AI research center
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.
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Turkey’s Trendyol raises $1.5 bln, valuing it at $16.5 billion
Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, said yesterday it had entered into agreements to raise $1.5 billion from a number of high-profile investors, valuing the company at $16.5 billion.
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That makes the company Turkey's first "decacorn," a word used for those companies over $10 billion, according to a written statement.
Peak aims high after $1.8 bln acquisition
The young and discreet founder and employees of Turkish gaming company Peak are aiming high after its acquisition by U.S. giant Zynga for $1.8 billion.
The Zynga-Peak deal announced on June 1 resembles that of between Pixar and Disney in 2006, according to the Turkish company's strategy director.
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