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home / articles / alibaba plans 2b investment in turkey report benzing mwn benzinga

SFTBY - Alibaba Plans $2B Investment In Turkey: Report | Benzinga

SoftBank Group Corp ADR

Alibaba Group Holding Ltd (NYSE: BABA) reportedly plans a $2 billion investment in Turkey after a meeting between the Chief Executive Officer, Michael Evans, and Turkey President Recep Tayyip Erdogan.

The company has already invested about $1.4 billion in Turkey through its e-commerce marketplace, Trendyol, according to Bloomberg.

He added that Alibaba has a lot of confidence that Turkey ...

Full story available on Benzinga.com
Stock Information
Company Name: SoftBank Group Corp ADR
Stock Symbol: SFTBY
Market: OTC
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