Chinese e-commerce company Alibaba Group Holding Ltd. has told Turkish President Tayyip Erdogan that it plans to invest $2 billion in Turkey.
Alibaba president Michael Evans made the comments in a meeting with Erdogan, according to a statement from the company’s Turkish unit. He did not say when the investment would be made.
Evans also said Alibaba has invested $1.4 billion in Turkey through its unit Trandev, one of Turkey’s leading e-commerce platforms.
Erdogan is in the United States to attend the 78th session of the United Nations General Assembly.
Trandevol, whose president Kegelian Seton also met with Erdogan, said Evans shared details about new investments such as a data center and logistics center in Ankara and an export operations center at Istanbul Airport.