The most curious subject of Alibaba's investment in Trendyol was the evaluation of Trendyol .
We were getting a sense of the numbers of this purchase. It was about 750 million people and the actual figure did not come out very different.
If you are going to ask where we got the net figure we have arrived at, [19459004
Alibaba, who entered the market with the investment of existing investors as well as the investment in Trendyol, paid cash for this transaction of 728 million dollar . We share the English text of the explanations below:
Trendyol is one of the leading online fashion retailers in Turkey. In June 2018, the Company entered into an agreement under which the Company will invest into Trendyol as well as acquire shares from certain existing investors, representing a controlling equity interest for US $ 728 million. The investment underscores the company's commitment to international expansion.
Alibaba did not reflect the share it has already received in official records. But we estimate that it will be around 75 percent.
If we get new information about the topic, we will update our news.
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