![](https://www.itbear.com/wp-content/uploads/2024/07/image-133-300x200.png)
Turkey
![Alibaba Group’s Ambitious $2 Billion Investment Initiative in Turkey](https://www.itbear.com/wp-content/uploads/2023/09/image-79-600x400.png)
Alibaba Group’s Ambitious $2 Billion Investment Initiative in Turkey
September 18, 2023 – Alibaba Group’s President, Michael Evans, made a significant commitment during his meeting with the President of Turkey, Recep Tayyip Erdoğan. Alibaba plans to invest $2 billion in Turkey in the near future, which is approximately 14.58 billion Chinese yuan at the current exchange rate. This pledge, however, lacks specific details regarding…