Alibaba Group President Visits Ciner Media Group

Alibaba Group Holding Chairman Michael Evans paid a courtesy visit to Ciner Media Group.

Evans talked about the investments they are planning to make in Turkey in the conversation attended by Kenan Tekdağ, the Chairman of Ciner Media Holding, and the Group executives.

One of the Chinese e-commerce companies, Alibaba Group Holding President Michael Evans and Trendyol Group President Çağlayan Çetin paid a courtesy visit to Ciner Media Group. Evans talked about the investments they are planning to make in Turkey in the conversation attended by Kenan Tekdağ, Chairman of Ciner Media Holding, and Group managers.

Evans visited Vice President Fuat Oktay on Thursday, and Trendyol Group President Çağlayan Çetin also attended the visit. Evans and Çetin also met with Minister of Foreign Affairs Mevlüt Çavuşoğlu and Minister of Industry and Technology Mustafa Varank.

Alibaba acquired approximately 75% of Trendyol with an investment of 728 million dollars in 2018. Chinese e-commerce giant Alibaba Group, after capital increases in 2018 and 2020, increased its share in the company to 86.5 percent with a capital increase of $350 million on March 24, 2021.