206 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. You Might Be Interested In MC13 success critical to the liberal trading order Rs 4.4 Lakh Crore Granted For Fertilizer, Food, And Petrol Subsidies. India sees record-breaking M&A activity with $126.09 billion in deals SVB Financial Group Unveils Plans for Common Stock and Convertible Preferred Stock Offerings Walmart Acknowledges Technical Glitch Resulting in Overcharges at U.S. Stores The Boring Company, Elon Musk’s Tunneling Venture, Hits an Implied Valuation of $7 Billion
