Trendyol in Ukraine: is Alibaba Group really an international war sponsor?
The Trendyol marketplace, which is an analogue of Amazon in Turkey, is entering the Ukrainian market. It belongs to the Chinese company Alibaba Group, which has been recognized as an international war sponsor.
Trendyol: a new marketplace in Ukraine
Alibaba Group's statement on investment in Ukraine
August 17, 2023 National Agency of Corruption Prevention Commission (NAC) recognized the Chinese company Alibaba Group Holding Limited as an international war sponsor, adding it to the relevant list. This information was confirmed during the meeting of Yulia Svyridenko, the First Deputy Prime Minister of Ukraine and the Minister of Economy of Ukraine, with the president of Trendyol Group, Chetyn Chagalyan, infected on the page of the Ministry of Economy of Ukraine.
Trendyol Group expansion in Ukraine
Trendyol Group already operates in several countries of the European Union, Turkey and the Middle East.
"The Ukrainian fashion industry continues its development even in times of war. It is important for us to create an opportunity for Ukrainian manufacturers and brands to gain access to new markets and expand the export of their products to even more countries. In this regard, we welcome the future cooperation of Turkish and Ukrainian business. In general, we are affected by the access of as many Ukrainian companies as possible to the global market," Yulia Svyridenko said.
Answers to questions
Trendyol Group, the Turkish analogue of Amazon, controlled by the Chinese company Alibaba Group, plans to enter the Ukrainian market in the near future.
The National Agency for the Prevention of Corruption (NAPC) recognized the Chinese company Alibaba Group Holding Limited as an international war sponsor and added it to the relevant list.
Trendyol Group operates in many EU countries, Turkey and the Middle East.
- Alibaba Group is a Chinese group of companies that owns Trendyol.
- Trendyol Group is a Turkish analogue of Amazon, which plans to enter the Ukrainian market.
- National Agency for the Prevention of Corruption.
- Yuliya Svyridenko - First Deputy Prime Minister of Ukraine, Minister of Economy of Ukraine.
- Michael Evans is the head of Alibaba.
- Recep Tayyip Erdogan is the president of Turkey.