Turkey’s Trendyol now valued at $16.5 billion after latest round of investment

Online retailer Trendyol has seen its value soar after raising $1.5 billion (£1.09 billion) in investment. Backed by Alibaba, Turkey’s biggest e-commerce platform is now valued at $16.5 billion, making it the first Turkish decacorn (a start-up company worth over $10 billion). The latest round of funding for Trendyol came from high-profile investors, led by US […]