Turkey

MediaMarkt saw its marketplace revenue double in the past fiscal year. In the new year, the electronics retailer will open its virtual doors in Belgium, Poland, and Turkey. An additional expansion into new product categories is expected to attract new buyers and sellers.

Trendyol, a major ecommerce player from Turkey, is developing plans to build a regional logistics center near the Romanian capital, Bucharest. The company aims to serve all of southeastern Europe from the new logistics hub, which will employ 250 people when fully operational in 2025.

The Turkish government is implementing drastic tax changes to reduce online consumer orders from foreign online stores. Import duties are set to rise significantly, while the exemption threshold will be lowered. Additionally, an extra tax will be introduced for certain product categories.

Online spending in Turkey more than doubled last year, the Ministry of Commerce reports. Significant growth is expected again this year. This is largely the result of inflation, but there is also considerable autonomous growth.

DHL Group has signed an agreement to acquire 100 percent of MNG Kargo, one of the leading parcel service providers in Turkey. According to DHL, the acquisition secures a leading position in the domestic parcel market. “MNG Kargo complements our business portfolio and will help to strengthen our position in this sector”, CEO Tobias Meyer says.

Getir is the new manager of the Gorillas app. Users of the app were notified that their customer data will be transferred to the new owner from Turkey. Anyone who does not want this can object.

OPLOG, a fulfilment company from Turkey, has raised 11 million euros. With the money, OPLOG will open a warehouse in the United Kingdom before the end of the year. Additionally, the company wants to use robotics in its fulfilment centers starting next year.

Logistics provider Direct Link has announced its launch in Turkey. The company is owned by PostNord, the Swedish and Danish national post company. It is already globally active, but will now also set up operations with local personnel.

Trendyol, the biggest ecommerce platform of Turkey, has raised 1.5 billion dollar (1.28 billion euros). With this fresh funding, the ecommerce company is now being valued at over 14 billion euros, making it Turkey's first 'decacorn'.

Turkish grocery delivery startup Getir has acquired Blok, a similar rapid delivery service from Spain. The acquisition gives Getir immediate access to Spain and Italy, where Blok was available most in Madrid, Barcelona and Milan. Prior to the acquisition, Blok was preparing to launch in Portugal, so this country is on Getir's roadmap too now.

Alibaba is raising its stake in Trendyol to 86.5 percent. The major ecommerce platform from Turkey received an additional 330 million dollars (273 million euros) investment from Alibaba, which was already one of its existing partners.

About 98,000 businesses and 1.1 million individuals sold a total of 347 million products on Trendyol last year. The popular Turkish ecommerce platform also contributed to the creation and retention of 1.1 million jobs in Turkey.

Trendyol, one of the largest ecommerce companies in Turkey, has plans to expand in Europe, including the United Kingdom, Italy, and Spain. The expansion plans will happen with a new website.

Amazon Prime has launched in Turkey. The introduction of the aid subscription program follows almost exactly two years after Amazon Turkey was launched.

Saloodo, a digital freight platform from Germany, is expanding. The startup, which connects shippers and carriers with a solution for ordering and handling shipments, will now launch its platform in Turkey.