Business News – Buyfromturkey https://buyfromturkey.co We are connecting you with best wholesale material suppliers from Turkey Tue, 26 Apr 2022 16:29:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://buyfromturkey.co/wp-content/uploads/2022/04/cropped-bft-logo-32x32.png Business News – Buyfromturkey https://buyfromturkey.co 32 32 In 2021, Turkey’s e-commerce volume will grow at a significant annual rate. https://buyfromturkey.co/business-news/in-2021-turkeys-e-commerce-volume-will-grow-at-a-significant-annual-rate/ Sat, 23 Apr 2022 15:10:00 +0000 https://emcagroup.co/?post_type=business-news&p=2354 In 2021, Turkey’s e-commerce transaction volume will increase by 69% to 381.5 billion Turkish lira. Orders increased by 46% to 3 billion and 347 million from 2 billion and 297 million in the same period. In 2021, e-commerce will account for 17.7% of total retail sales. In November, the percentage rose to 20.4%, dubbed the […]

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In 2021, Turkey’s e-commerce transaction volume will increase by 69% to 381.5 billion Turkish lira. Orders increased by 46% to 3 billion and 347 million from 2 billion and 297 million in the same period.

In 2021, e-commerce will account for 17.7% of total retail sales. In November, the percentage rose to 20.4%, dubbed the month of e-commerce activity.

While 92% (349 billion TL) of e-commerce in Turkey is processed, 4% comes from foreign cross-border purchases. The remaining 4% is used for purchases by the Turkish diaspora abroad.

In 2021, the number of companies carrying out e-commerce activities in Turkey will reach 484,347. 26,442 of these companies operate as service providers registered with the Electronic Commerce Information System (ETBIS), of which 472,604 operate on the e-commerce marketplace. The number of websites registered with ETBIS is 31,592. 14,699 companies in Turkey carry out e-commerce activities on their websites while selling on the e-commerce marketplace.

E-commerce spending analysis of Turkey’s population aged 18-70 in 2021 shows that per capita e-commerce spending will increase by 69% year-on-year in 2021, reaching 4,749 TL.

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Turkish carpet manufacturers sold 639 million 557 thousand square meters of carpet to the world https://buyfromturkey.co/business-news/turkish-carpet-manufacturers-sold-639-million-557-thousand-square-meters-of-carpet-to-the-world/ Thu, 07 Apr 2022 15:16:00 +0000 https://emcagroup.co/?post_type=business-news&p=2356 Turkish carpet producers generated 3 billion 179 million 483 thousand dollars from 639 million 557 thousand square meters of carpet exported last year. According to the information compiled by the AA reporter from the data of the Southeast Anatolian Exporters (GAIB), carpet exporters sent 639 million 557 thousand square meters of carpet to 177 countries […]

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Turkish carpet producers generated 3 billion 179 million 483 thousand dollars from 639 million 557 thousand square meters of carpet exported last year.

According to the information compiled by the AA reporter from the data of the Southeast Anatolian Exporters (GAIB), carpet exporters sent 639 million 557 thousand square meters of carpet to 177 countries in 2021. The carpets thus earned 3 billion 179 million 483 thousand dollars, increasing their foreign sales by 22.1 per cent compared to last year.

Turkish carpet makers earned the most from machine carpets with 2 billion 677 million 320 thousand dollars. Machine rugs were followed by tuff rugs with 438 million 705 thousand dollars, hand rugs with 53 million 483 dollars and rugs with 9 million 975 thousand dollars.

Turkey’s most exporting country, 1 billion 147 million 105 thousand dollars was the US. The USA, which covers 36 per cent of its market share, was followed by Iraq with 176 million 164 thousand dollars, England with 161 million 514 thousand dollars and Germany with 160 million 390 thousand dollars.

Gaziantep, the leader in carpet exports

Turkey’s first place in the export of carpet 71.5 per cent share Gaziantep received. Gaziantep 2 billion exported 273 million 971 thousand dollars, Istanbul 657 million 543 thousand dollars and Uşak exported 78 million 400 thousand dollars.

Turkey Exporters Assembly (TIM) Carpet Sector Board President Salahattin Kaplan, AA correspondent, Turkey’s carpet exports noted essential record stages.

Transferring that carpet export has increased every year, Kaplan said, “Our industry is growing, and our investments are increasing. In 2021, our carpet exporters generated significant income for the country’s economy. Our industry sold over $ 3 billion last year. We also find our goals past last year with our foreign sales. We are happy to have achieved this goal. ” they said.

New year target 4 billion dollars

Kaplan stated that they are working hard to develop the sector and export more and that they concentrate on original designs.

Expressing that the most crucial market of its industry is the USA, Kaplan said:

“Turkey is ranked first in the export of machinery carpet. Our country meets the greatest part of the world’s machine carpet needs. Turkey has a say in the world carpet industry. We desire to continue this success of our industry. With our original design and innovations, we will lay our carpets on people’s feet in many countries in the new year. Our export target this year is 4 billion dollars. Like our other goals, we believe that we will achieve this goal.”

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Turkey’s first decacorn Trendyol https://buyfromturkey.co/business-news/turkeys-first-decacorn-trendyol/ Thu, 12 Aug 2021 16:24:00 +0000 https://emcagroup.co/?post_type=business-news&p=2358 Turkey’s most important e-commerce platform, Trendyol, which received this $ 1.5 billion investment and valuation increased to $ 16.5 billion. With the realization of the investment Trendyol, 10 billion dollars of valuation dam by passing Turkey’s initiative ecosystem beyond being the first decacorn has become the most valuable company in the country. To this big […]

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Turkey’s most important e-commerce platform, Trendyol, which received this $ 1.5 billion investment and valuation increased to $ 16.5 billion. With the realization of the investment Trendyol, 10 billion dollars of valuation dam by passing Turkey’s initiative ecosystem beyond being the first decacorn has become the most valuable company in the country.

To this big investment round; General Atlantic, one of America’s major investment funds, participated in the investment round in Japan-Centered SoftBank (with the SoftBank Vision Fund 2 fund), Berlin-Centered Princeville Capital, ADQ (UAE) and Qatar Investment Authority (QIA). He had invested an additional $ 350 million in the company earlier this year.

Trendy Founder Demet Mutlu on Investment: “We thank the world’s leading investors for their trust in our country and the future of Trendyol, who took part in this investment tour. It is a source of pride for us to bring the highest international investment to our country in the last period. In addition, Trendyol’s first “decacorn” from Turkey will strengthen the position of our industry in the international arena. This investment will increase international interest in Turkey’s digital ecosystem and will give serious impetus to the development of our industry. We thank our passionate team, hundreds of thousands of business partners and over 30 million customers who trust us for sharing this journey of success with us ”.

Emphasizing that they support millions of employment in Turkey Happy, “While hundreds of thousands of people working for the operations they carry out through our platform, our sellers, we provide business opportunities for hundreds of thousands of people in different sectors such as cargo distribution, packaging, customer service. Thus, we contribute directly and indirectly to our economy with a total of 1.1 million people. In 2023, we aim to increase this figure to 2.4 million people. ”.

The shared press release on the subject also includes the information that Trendyol, founded in 2010, has delivered more than 30 million customers a day, more than 1 million packages a day.

General Atlantic EMEA Region General Manager and Consumer Unit President Melis Kahya Akar in the statement on the subject, “Trendyol’s fast market model extending from the digital wallet, providing comfort and convenience to customers in Turkey and the world. We see great potential that Trendyol will accelerate its ongoing growth in the regional and global e-commerce arena. As General Atlantic, we are excited to collaborate with the Trendyol team, which has been performing positive impact missions while providing flawless e-commerce experiences to customers and sellers, with our worldwide experience in growing innovative business models. ”.

SoftBank Investment Advisers Managing Partner Anthony Doeh, “Turkey’s leading super-app’i Trendyol, e-commerce, payment systems and delivery competencies, has successfully integrated with deep expertise in industries such as fashion. Thus, it laid the foundation for a unique consumer experience with high growth potential in new markets. As a company that has invested in many e-commerce platforms in the world, we are delighted with our cooperation with Trendyol. We look forward to supporting this journey of Trendyol, one of EMEA’s rising digital leaders, ”he said.

Another information shared in the newsletter is that Citi served as Trendyol’s exclusive advisor on this investment round.

Source : https://webrazzi.com/2021/08/09/trendyolun-15-milyar-dolarlik-yatirim-turu-sonuclandi

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ArgosAI received investment from MV Holding https://buyfromturkey.co/business-news/argosai-received-investment-from-mv-holding/ Sat, 31 Jul 2021 16:27:00 +0000 https://emcagroup.co/?post_type=business-news&p=2360 ArgosAI, which offers a solution to the problem of foreign matter damage, one of the most important issues in the aviation industry, announced that it has received investment. Financial data related to the amount of the investment in question or company valuation were not shared. ArgosAI provides service as an initiative that develops artificial intelligence, […]

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ArgosAI, which offers a solution to the problem of foreign matter damage, one of the most important issues in the aviation industry, announced that it has received investment. Financial data related to the amount of the investment in question or company valuation were not shared.

ArgosAI provides service as an initiative that develops artificial intelligence, image processing and deep learning-based automation products for many operations performed manually today in the airside region of airports. In short, ArgosAI aims to make flights safer by detecting foreign substances on airport runways with the A-FOD project.

Let’s add that ArgosAI’s A-Fod product was installed for testing at London Gatwick Airport and that tests will start actively at the end of the year.

Design and software stating that they are proud to invest in a product that is completely Turkish MV Holding Investments and Executive Director responsible for Business Development Doğan Kaşıkçı, ArgosAI’s front open, deep technology and artificial intelligence in Turkey’s first unicorn shared what they believe will be the company.

Source : https://webrazzi.com/2021/07/30/havacilik-sektorune-odaklanan-argosai-mv-holding-den-yatirim-aldi

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