What Did Alibaba See in Trendyol?
Alibaba (BABA) recently struck a deal to buy a stake in Turkey-based online marketplace Trendyol. In addition to the Turkish market, Trendyol also serves the Middle East/North Africa region. Although financial details of the deal were not disclosed, a joint statement by Alibaba and Trendyol said it was the largest Internet transaction in Turkey to date.