<p>Alibaba (09988.HK) announced that it entered into a sales agreement in May this year to sell 85% of its equity in Trendyol GO, which operates local lifestyle services in Turkey, for a cash consideration of approximately USD 700 million, equivalent to about RMB 5 billion. The transaction was completed in the first half of the fiscal year ending September this year, with recorded revenue of approximately RMB 6 billion</p>

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<p>Alibaba announced that in May of this year, it entered into a sales agreement to sell 85% of its stake in Trendyol GO, which operates local life service businesses in Turkey, for a cash consideration of approximately USD 700 million, equivalent to about RMB 5 billion. The transaction was completed in the first half of the fiscal year ending September this year, with recorded revenue of approximately RMB 6 billion</p>

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Alibaba sells 85% stake in Turkish lifestyle service business Trendyol GO