Turkey's Trendyol raises $1.5 bln, valuing it at $16.5 billion | Financial Post

Turkey's Trendyol raises $1.5 bln, valuing it at $16.5 billion ISTANBUL — Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, said on Monday it had entered into agreements to raise $1.5 billion from a number of high-profile investors, valuing the company at $16.5 billion. More:Turkey's Trendyol raises $1.5 bln, valuing it at $16.5 billion | Financial Post