Alibaba, a major Chinese e-commerce company, has informed Turkish President Tayyip Erdogan that it intends to invest $2 billion there.
Michael Evans, the president of Alibaba, reportedly made the remarks during a meeting with Erdogan, according to a statement from the Turkish subsidiary of the company, reported Reuters. It made no mention of when the investment would be made.
Evans also stated that Alibaba had invested $1.4 billion in Turkey through its subsidiary Trendyol, one of Turkey’s most well-known e-commerce platforms, according to the statement.
Evans reportedly provided information about potential investments, including a data center, a logistics center, and an export operation center at Istanbul Airport, according to Trendyol, whose president Caglayan Cetin also met with Erdogan.