Sunday, May 19, 2024
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Chinese e-commerce giant Alibaba has announced plans to invest 1 billion dollars in Turkey. The investment is expected to focus on the technology and retail sectors and will be carried out through Alibaba’s local partners in the country. The move is seen as a vote of confidence in Turkey’s economy and its potential for growth. It is also a sign of Alibaba’s growing interest in expanding its presence in the European market. The company has not yet commented on the report.

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