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| Name | Symbol | Market | Type |
|---|---|---|---|
| Alibaba Group Holding Limited | NYSE:BABA | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.7901 | 0.98% | 81.1201 | 81.37 | 79.70 | 81.27 | 19,415,807 | 01:00:00 |
From May 2023 to May 2024
By Andrea Figueras
Alibaba Group Holding aims to invest $2 billion in Turkey, where it plans to build new facilities in Ankara and Istanbul, the company's e-commerce unit Trendyol said Monday.
The Chinese technology company intends to create a data and logistics center in Ankara and an export-operations center at Istanbul Airport, Trendyol said. The plan was presented at a meeting between Alibaba President Michael Evans and Turkish President Erdogan.
Alibaba, through Trendyol, has invested $1.4 billion to date in Turkey, which Evans sees has the potential to become one of the world's leading electronics export countries, Trendyol said.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
September 18, 2023 05:35 ET (09:35 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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