Alibaba.com Forms Strategic Alliance With Turkey's Logo Group
May 13 2009 - 7:44AM
Dow Jones News
Alibaba.com Ltd. (1688.HK) said Wednesday it formed a strategic
alliance with Turkish software developer Logo Group, which will
help it expand in Turkey.
Alibaba.com, which operates online business-to-business
platforms, said in a statement it will sell site memberships to
Turkey's small and medium-sized enterprises through Logo Group, the
parent of software company Logo Yazilim Sanayi ve Ticaret A.S.
(LOGO.IS).
Alibaba.com already has about 200,000 registered users in
Turkey. It said its user base in Turkey grew nearly 75% in the last
12 months.
The company said Turkey is an attractive market for online
business-to-business services because of its growing domestic
market of 70 million people, its large manufacturing sector and an
Internet population estimated at 30 million.
Alibaba.com is the listed unit of Alibaba Group, which is
39%-owned by Yahoo! Inc. (YHOO).
-By Lorraine Luk, Dow Jones Newswires; 852-2802-7002;
lorraine.luk@dowjones.com