Trendyol, a Turkish fashion e-commerce marketplace majority owned by China’s Alibaba, is close to raising money from outside investors at a valuation of $16.5 billion, Bloomberg reported. Trendyol is in talks with investors including General Atlantic and SoftBank to raise about $1.5 billion in the new funding round, according to Bloomberg. Alibaba, which acquired Trendyol in 2018, currently...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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