#Breaking: #Chinese giant #Alibaba plans to invest $2 billion in #Turkey after talks with #Erdogan

Alibaba Group Holding Ltd. announced plans to invest $2 billion in Turkey after a meeting with President Recep Tayyip Erdogan.

The head of the Chinese giant, Michael Evans, made the announcement after the meeting in Istanbul on Friday, according to a statement from its Turkish unit Trendyol. He indicated that the company has “confidence in Turkey’s sound economic fundamentals” and has already invested $1.4 billion in the country.

Read more on https://www.bloomberg.com/news/articles/2023-09-18/alibaba-unveils-2-billion-turkey-investment-in-erdogan-meeting