Turkey's Competition Board said on Monday it had opened an investigation to determine whether Turkish e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, had violated the country's competition law, APA reports citing Reuters.
In a statement on its website, the watchdog said the probe was launched after "preliminary research" produced sufficient findings.
Founded in 2010, Trendyol, one of Turkey's best known e-commerce platforms, has drawn backing from foreign investors and holds a leading position in the country's fragmented e-commerce market.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on Facebook
Follow us on Twitter
