Alibaba plans $1 billion investment in Turkey

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Photo from: Inside Retail Asia

By Inside Retail Asia

Chinese e-commerce giant Alibaba Group Holding Ltd is planning a logistics hub at Istanbul Airport and a data centre near the Turkish capital Ankara with an investment of more than US$1 billion, its president, Michael Evans, was cited as saying.

Turkey’s Sabah newspaper reported Evans as saying in an interview that the company was looking to invest in Europe and the Middle East and that he sees Turkey as a very strong production base.

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