Alibaba and other China heavyweights eye Turkey assets after lira plunge, source say

The talks in Istanbul started in mid-August, when Turkey was at the height of its currency crisis, four sources said, declining to be identified because the information has not been made public.In addition to Alibaba, which earlier this year purchased Turkish online retailer Trendyol, other companies holding talks included China Life Insurance and conglomerate China Merchants Group, three of the sources said.

“We met four Chinese groups in just a week. They held more than 20 meetings,” one of the sources said, adding that the meetings had been arranged by top U.S. investment banks.”They are looking into nearly everything.”Alibaba declined to comment on future investment plans. China Life Insurance did not respond to request for commentคำพูดจาก

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