Alibaba Group Holding Ltd acquires DSM Grup Danismanlik Iletisim ve Satis Ticaret (Trendyol)

Alibaba Group Holding Ltd acquired DSM Grup Danismanlik Iletisim ve Satis Ticaret (Trendyol) for $728 million, a transaction completed in July 2018, structured as all cash, US$728 million (RMB4,980 million).

DSM Grup Danismanlik Iletisim ve Satis Ticaret (Trendyol) operates in International e-commerce (Turkey), is based in Turkey. Trendyol is a leading online fashion retailer in Turkey. Alibaba acquired an approximately 85% equity interest in July 2018 for US$728 million, with arrangements allowing the founders to adjust their holdings in the future. It became Alibaba's platform for the Turkish and broader regional market.

Establish a controlling e-commerce presence in Turkey as part of globalization.

In July 2018, the Company acquired an approximately 85% equity interest in Trendyol for a cash consideration of US$728 million (RMB4,980 million).Alibaba Group FY2019 Form 20-F, business combinations note

Advisory firms were not disclosed for this transaction.

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