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BABA-W Sells 85% Stake in Turkish Local Consumer Service Biz Trendyol GO
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BABA-W (09988.HK) announced that it entered into a sales agreement in May 2025 to sell 85% of its stake in Trendyol GO, a local consumer service business operating in Turkey. The transaction involved a cash consideration of around USD700 million, equivalent to about RMB5 billion. It was completed in 1FH ending September 2025, recording a revenue of around RMB6 billion. AAStocks Financial News |
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