E-Commerce

E-Commerce

Indirect taxes came to customs free products

Last year in January, we reported that the customs exemption for e-commerce was decreased from EUR 30 to EUR 22. Recently, Mr. Berat Albayrak, the Minister of Treasury and Finance, stated that over 26 million parcels were…

E-Commerce

Why is Webrazzi criticizing Amazon Turkey?

Two things have caught my attention lately; first is that Webrazzi is constantly writing criticizing news about Amazon Turkey, second is that there are people who get disturbed from this and create conspiracy theories out…

E-Commerce

Amazon launches in Turkey

It had been speculated about when Amazon would launch in Turkey since it had been announced and today Amazon's operations in Turkey have started. Amazon.com.tr, launched their website with the letter below, where it says …

E-Commerce

Amazon hits 1 Trillion Dollar in Value!

E-commerce giant Amazon has reached $ 1 trillion in stock market value. Amazon's stock value on the Nasdaq stock exchange has broken a new record with 2,050$ per share. Amazon, which exactly one month ago became the second…

E-Commerce

The Long Awaited Answer about the Amount of Alibaba’s Investment in Trendyol

The Chinese e-commerce giant Alibaba made an investment in Trendyol in June 2018, but the investment value and other financial details were not disclosed. We have heard various rumors about the amount of the investment. Now …

E-Commerce

Competition Authority Approved Alibaba's Takeover of Trendyol

Chinese e-commerce giant Alibaba invested in Trendyol, one of Turkey’s leading e-commerce platforms, in June. The process of securing Competition Authority approval concluded today: Approval has been given for Alibaba to t…

E-Commerce

Quandoo shutters operations in Turkey

Quandoo, one of the largest online restaurant reservation platforms in Europe is ceasing operations in Turkey. The decision to exit Turkish market comes amid a downsizing period followed by laying off remaining employees as …

E-Commerce

PayPal halts operations in Turkey

Global online payment platform PayPal has just announced on its local website that it stopped operations in Turkey because it could not get necessary licence from local authorities. BDDK, the Turkish authority in charge…

E-Commerce

Turkish serial investor Aslanoba reveals why he closed his promising startup Tazedirekt

Hasan Aslanoba, the serial investor who has been at the forefront of the Turkish digital startup ecosystem, shocked his followers a couple of weeks ago with an unexpected decision to shut his very own startup Tazedirekt,…

E-Commerce

Delivery Hero closes €110M round that values the company at €2.8B

Delivery Hero, a major part of Rocket Internet's Global Online Takeaway Group, has closed a new round of funding of $110 million which increases the overall valuation of the company to €2.8 billion (or $3.1 billion). The global lea…

E-Commerce

Delivery Hero acquires Turkish food delivery leader Yemeksepeti at a total valuation of $589M

Global food delivery giant Delivery Hero has acquired Yemeksepeti.com, the Istanbul-based food delivery network that operates in 8 countries across East Europe and the Middle East. All Yemeksepeti shares will transfer to…

E-Commerce

Hepsiburada.com sells 25% stake to The Abraaj Group with 1 billion TRL valuation!

It's official now. The deal between global investment company The Abraaj Group and Turkish e-commerce leader Hepsiburada.com, about which we first broke the news a month ago, is now final with sides making an official announcement t…

E-Commerce

Rocket Internet buys 30% in Delivery Hero, acquires major Spanish and Italian food delivery businesses

Europe's biggest internet investor and incubator Rocket Internet has announced today that it buys 30% stake in global food delivery giant Delivery Hero for €496 million. The Berlin-based group who is the incubator and biggest s…

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