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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