trendyol shareholders28 May trendyol shareholders
Trendyol Collection Evening & Prom Dress - Pink - Shift. Trendyol Express Datm Merkezi Lideri-zmir. *As of the date of this press release, SoftBank Group Corp. has made capital contributions to allow investments by SoftBank Vision Fund 2 (SVF 2) in certain portfolio companies. (1) Cainiao Smart Logistics board of directors also includes directors appointed by its external investors not shown in this table. (Bloomberg) -- Turkish e-commerce firm Trendyol, which is backed by Chinese online giant Alibaba Group Holding Ltd., is seeking to raise more than $1 billion in a deal that could make it the. (i) Segment revenue Most Relevant. Innovation initiatives and others adjusted EBITA in the quarter ended March 31, 2023 was a loss of RMB1,830 million (US$267 million), compared to a loss of RMB2,452 million in the same quarter of 2022. This represents Ant Group share-based awards granted to our employees, which is subject to mark-to-market accounting treatment. Investors of Trendyol include Princeville Global, General Atlantic, SoftBank , Qatar Investment Authority, ADQ and 6 more. General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 400 growth companies throughout its history. For the quarter ended March 31, 2023, paid GMV of M2C products grew 26% year-over-year on Taobao and Taobao Deals. Turkey's Trendyol raises $1.5 bln, valuing it at $16.5 billion It was not immediately clear if the entire USD 1.5 billion would be injected into the company or if some would be used to purchase shares from existing shareholders. Non-GAAP net income was RMB27,375 million (US$3,986 million), an increase of 38% year-over-year. Cainiao Direct sales and others revenue under China commerce retail primarily represents our direct sales businesses, comprising mainly Sun Art, Tmall Supermarket, Freshippo, and Alibaba Healths direct sales businesses where revenue and the cost of inventory are recorded on a gross basis. For a more intuitive presentation, widening of loss in YoY% is shown in terms of negative growth rate, and narrowing of loss in YoY% is shown in terms of positive growth rate. Cainiao We expect that our share-based compensation expense will continue to be affected by changes in the fair value of the underlying awards and the quantity of awards we grant in the future. Revenue from our International commerce retail business in fiscal year 2023 was RMB49,873 million (US$7,262 million), an increase of 17% compared to RMB42,668 million in fiscal year 2022. In March, the number of average daily active users of Amap reached a new record high of 150 million, driven by increasing intra-city commute and inter-city travel demand. Trendyol Collection Evening & Prom Dress - Black - Shift. Written by .css-15jcovi{-webkit-text-decoration:underline;text-decoration:underline;display:block;}@media screen and (min-width: 48em){.css-15jcovi{display:inline;}}MENAbytes.css-yfgmme{margin-left:5px;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;}Published on10 Aug 2021.css-1mlvrfn{font-family:Roboto;font-size:16px;line-height:24px;}3 mins read.css-1pzjc6w{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-appearance:none;-moz-appearance:none;-ms-appearance:none;appearance:none;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;-webkit-transition:all 250ms;transition:all 250ms;-webkit-user-select:none;-moz-user-select:none;-ms-user-select:none;user-select:none;position:relative;white-space:nowrap;vertical-align:middle;outline:none;width:auto;line-height:inherit;border-radius:0;font-weight:600;height:32px;min-width:0;font-size:24px;padding-left:1rem;padding-right:1rem;background:none;color:inherit;margin:0;padding:0;margin-left:8px;}.css-1pzjc6w:focus,.css-1pzjc6w[data-focus]{box-shadow:0 0 0 3px rgba(66, 153, 225, 0.6);}.css-1pzjc6w[disabled],.css-1pzjc6w[disabled]:focus,.css-1pzjc6w[disabled]:hover,.css-1pzjc6w[aria-disabled=true],.css-1pzjc6w[aria-disabled=true]:focus,.css-1pzjc6w[aria-disabled=true]:hover,.css-1pzjc6w[data-disabled],.css-1pzjc6w[data-disabled]:focus,.css-1pzjc6w[data-disabled]:hover{opacity:0.4;cursor:not-allowed;box-shadow:none;}.css-1pzjc6w:hover[disabled],.css-1pzjc6w[data-hover][disabled],.css-1pzjc6w:hover[disabled]:focus,.css-1pzjc6w[data-hover][disabled]:focus,.css-1pzjc6w:hover[disabled]:hover,.css-1pzjc6w[data-hover][disabled]:hover,.css-1pzjc6w:hover[aria-disabled=true],.css-1pzjc6w[data-hover][aria-disabled=true],.css-1pzjc6w:hover[aria-disabled=true]:focus,.css-1pzjc6w[data-hover][aria-disabled=true]:focus,.css-1pzjc6w:hover[aria-disabled=true]:hover,.css-1pzjc6w[data-hover][aria-disabled=true]:hover,.css-1pzjc6w:hover[data-disabled],.css-1pzjc6w[data-hover][data-disabled],.css-1pzjc6w:hover[data-disabled]:focus,.css-1pzjc6w[data-hover][data-disabled]:focus,.css-1pzjc6w:hover[data-disabled]:hover,.css-1pzjc6w[data-hover][data-disabled]:hover{background:initial;}@media screen and (min-width: 62em){.css-1pzjc6w{font-size:18px;height:24px;}}. We excluded share-based compensation expense from our non-GAAP measurements. Safety starts with understanding how developers collect and share your data. Data privacy and security practices may vary based on your use, region, and age. Comparative figures were reclassified to conform to this presentation. The reduced loss from Trendyol is primarily due to revenue growth and enhanced operating efficiency. This represents share-based awards of our subsidiaries. From jeans to jackets and tees to knits, there's a fit to flatter everyone. Revenue from Cainiao, which represents revenue from its domestic and international one-stop-shop logistics services and supply chain management solutions, after inter-segment elimination, was RMB13,619 million (US$1,983 million) in the quarter ended March 31, 2023, an increase of 18% compared to RMB11,582 million in the same quarter of 2022, primarily driven by increasing revenue per order from international fulfillment solution services as well as increasing demand for consumer logistics services. stanbul, Maslak Type Privately Held Founded 2010 Specialties Fashion, Technology, ecommerce, services, startup, and decacorn Locations Primary Bykdere Caddesi No:243, Saryer/stanbul Spine. Jane Fang JIANG, Director (Group Chief People Officer) The company provides news related to health, education, insurance, astrology, spokesperson web TV, science, and technology. Propars develops e-export software. International Commerce Retail Business Narrowing of loss from our To-Home business was driven by Ele.mes improved unit economics per order, which was due to increased average order value and reduced delivery cost per order year-over-year. Daniel Yong ZHANG, Chairman and Chief Executive Officer (Chairman and Chief Executive Officer, Alibaba Group) In connection with the spin-off, Cloud Intelligence Group intends to become an independent publicly listed company. The Companys strategic partner and investor Alibaba has also recently invested $350 million in March 2021 and is committed to support Trendyols continued growth in Turkey and international expansion. (i) Segment revenue Cainiao continues to expand its international logistics network by strengthening its end-to-end logistics capabilities. Our net income in the quarter ended March 31, 2023 was RMB21,996 million (US$3,203 million), compared to net loss of RMB18,357 million in the same quarter of 2022, primarily attributable to net gains arising from the increases in the market prices of our equity investments in publicly-traded companies, compared to net losses from these investments in the same quarter last year, partly offset by the decrease in share of profit of equity method investees, the increase in impairment of investments and the decrease in income from operations. Net cash provided by operating activities was RMB199,752 million (US$29,086 million). Free cash flow, a non-GAAP measurement of liquidity, was an inflow of RMB32,267 million (US$4,698 million) in the quarter ended March, 2023, compared to an outflow of RMB15,070 million in the same quarter of 2022, during which we made a payment of the final installment in the amount of RMB9,114 million of the RMB18,228 million Anti-monopoly Fine. General Atlantic Qatar SWF and ADQ Invest in Trendyol - SWFI - Sovereign Wealth Fund Fan JIANG, Director (Chief Executive Officer, Alibaba International Digital Commerce Group) We have been committed to promoting decarbonization across our platform ecosystem. Sort. Our Cloud segment comprises Alibaba Cloud and DingTalk. Net cash provided by operating activities was RMB31,401 million (US$4,572 million). General Atlantic currently has over $65 billion in assets under management for its growth equity mandate as of March 31, 2021 and more than 175 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, So Paulo, Shanghai, Singapore and Stamford. Business Group Directors and CEOs Excluding these impacts, income from operations would have increased by RMB24,143 million year-over-year, from RMB81,733 million in fiscal year 2022 to RMB105,876 million (US$15,417 million) in fiscal year 2023, primarily due to the narrowed adjusted EBITA losses of Local consumer services, International commerce and Digital media and entertainment, as well as an increase in China commerce adjusted EBITA. This article first appeared inMENAbytes. (ii) Segment adjusted EBITA Share-based compensation expense related to Alibaba Group share-based awards decreased in the quarter ended March 31, 2023 compared to the same quarter of 2022. International Commerce Wholesale Business Yigit Darcin is the head of mobile and UGC and product catalog teams. Excluding the impact of the reversal of share-based compensation expense, our income from operations would have increased by RMB11,569 million year-over-year, from RMB3,671 million in the quarter ended March 31, 2022 to RMB15,240 million (US$2,219 million) in the quarter ended March 31, 2023. The year-over-year decrease in share of profit of Ant Group was mainly due to decrease in net investment gains from the investments of Ant Group previously made. A majority of the compliance and risk committee members are independent directors. The increase was primarily due to the growth in revenue generated by Trendyol, Lazada and AliExpress. There are 12 different main headings for products in Trendyol. Trendyol, Turkey's No. China commerce adjusted EBITA increased by 1% to RMB184,862 million (US$26,918 million) in fiscal year 2023, compared to RMB182,431 million in fiscal year 2022. Revenue was RMB868,687 million (US$126,491 million), an increase of 2% year-over-year. Evren Ucok is a founder and executive chairman. Trendyol Vendor Panel Mobile Application will continue to develop with its new features. Trendyol - Lever Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Without the effect of share-based compensation expense, cost of revenue as a percentage of revenue would have remained stable at 62% in fiscal year 2023 compared to fiscal year 2022. The increase was primarily due to reduced loss of Taobao Deals, Taocaicai and Freshippo. We intend to structure the spin-off in the most tax-efficient way for our shareholders. Trendyol for Android - Download the APK from Uptodown There are 11 options that customers can choose when returning. Taobao Deals, our value-for-money platform, continues to enrich product supply and enhance digital consumption experience for price sensitive consumers. )% The year-over-year increase was primarily attributable to net gains arising from the increases in the market prices of our equity investments in publicly-traded companies, compared to net losses from these investments in the same quarter last year, partly offset by the decrease in share of profit of equity method investees, the increase in impairment of investments and the decrease in income from operations. Businesses include luxury fashion stores to department stores and e-commerce retailing. Trendyol Group is funded by 10 investors. Mutlu studied at New York University, where she graduated with the . (ii) Segment adjusted EBITA Unallocated expenses primarily relate to corporate administrative costs and other miscellaneous items that are not allocated to individual segments. Each ADS represents eight ordinary shares. Other shareholders in the business group include strategic investors in the logistics industry and global institutional investors. Legal Disclaimer I Fraudulent Requests I Sitemap I Privacy Notice I Form CRS, Our Investment Approach and Global Opportunity Set. Get the full list, Youre viewing 4 of 8 executive team members. 74,99 . Founded in 2010, Trendyol is Turkeys largest e-Commerce company, serving more than 30 million shoppers and delivering more than 1 million packages per day. Funding Trendyol Group has raised a total of $1.9B in funding over 5 rounds. Customers can type in search bar for wished products, also can find it in these categories. Jessie Junfang ZHENG, Director (Chief Risk Officer, Cloud Intelligence Group) For the quarter ended March 31, 2023, revenue from Cainiao, before inter-segment elimination, grew 15% year-over-year to RMB18,915 million (US$2,754 million). MARCH QUARTER SUMMARY FINANCIAL RESULTS Alibaba-backed Trendyol becomes Turkey's first decacorn - KrASIA Sales and marketing expenses Sales and marketing expenses in the quarter ended March 31, 2023 were RMB24,931 million (US$3,630 million), or 12% of revenue, compared to RMB27,200 million, or 13% of revenue, in the same quarter of 2022. Adjusted EBITDA increased 37% year-over-year to RMB32,123 million (US$4,677 million) in the quarter ended March 31, 2023, compared to RMB23,373 million in the same quarter of 2022. Luyuan FAN, Chairman and Chief Executive Officer It specializes in data, strategy, and design. Our board of directors approved a full spin-off of the Cloud Intelligence Group via a stock dividend distribution to our shareholders. As a result, in the March quarter, Choices daily orders ramped up rapidly and contributed to double-digit order growth for AliExpress during the quarter. Cost of revenue Cost of revenue in the quarter ended March 31, 2023 was RMB138,823 million (US$20,214 million), or 67% of revenue, compared to RMB138,945 million, or 68% of revenue, in the same quarter of 2022. Revenue from our Digital media and entertainment segment in fiscal year 2023 was RMB31,482 million (US$4,584 million), a decrease of 2%, compared to RMB32,272 million in fiscal year 2022. Adjusted EBITDA and Adjusted EBITA Fan JIANG, Director (CEO, Alibaba International Digital Commerce Group) Revenue from our China commerce retail business in the quarter ended March 31, 2023 was RMB132,062 million (US$19,230 million), a decrease of 3% compared to RMB135,696 million in the same quarter of 2022. [7]1.4 million individual sellers are currently active on Dolap. Total revenue from our Cloud business, before inter-segment elimination, which includes revenue from services provided to other Alibaba businesses, was RMB24,559 million (US$3,576 million), decrease of 3% compared to RMB25,230 million in the same quarter of 2022. Cloud Intelligence Group Spin-Off Get your welcome treat Download our app now, for THREE EXCLUSIVE DISCOUNT CODES to use on your next orders! Mit unserer groen Auswahl an Kleidung, Schuhen und Accessoires bieten wir angesagte Outfits fr jeden Stil, jeden Anlass und jedes Budget. Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion.General Atlantic, SoftBank Vision Fund 2, Princeville . In the month of March, online physical goods GMV growth on Taobao and Tmall, excluding unpaid orders, turned positive, driven by strong growth of fashion & accessories and healthcare categories. Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, Alibaba or Alibaba Group) today announced its financial results for the quarter and fiscal year ended March 31, 2023. Revenue from our International commerce wholesale business in fiscal year 2023 was RMB19,331 million (US$2,815 million), an increase of 5% compared to RMB18,410 million in fiscal year 2022. Demet Mutlu | BoF 500 | The People Shaping the Global Fashion Industry Posted on 08/09/2021 Trendyol is an e-commerce platform based in Turkey. Diluted earnings per ADS was RMB27.46 (US$4.00) and diluted earnings per share was RMB3.43 (US$0.50 or HK$3.92). The site may also use cookies from third parties. FULL FISCAL YEAR OTHER FINANCIAL RESULTS Share-based compensation expense Total share-based compensation expense included in the cost and expense items above in the quarter ended March 31, 2023 was RMB7,546 million (US$1,099 million), compared to a net reversal of RMB3,737 million in the same quarter of 2022. Adjusted EBITA margin increased from 23% in the quarter ended March 31, 2022 to 28% in the quarter ended March 31, 2023. Share-based compensation expense related to Alibaba Group share-based awards decreased in fiscal year 2023 compared to fiscal year 2022. Competitors of Trendyol include Yollando.com and 8 more. Revenue from our International commerce retail business in the quarter ended March 31, 2023 was RMB13,967 million (US$2,034 million), an increase of 41% compared to RMB9,887 million in the same quarter of 2022. For the quarter ended March 31, 2023, year-over-year order growth of "To-Destination" businesses, which included Amap and Fliggy, increased rapidly due to the strong recovery in commuting and travel demand. One of Turkeys leading e-commerce company Trendyol received a new investment of $350 million from its partner company Alibaba. According to Webrazzi, there are also rumors that the company is planning a new investment tour and aims to increase its valuation to at least $15 billion in the near future. [9] Alibaba Group became a shareholder of Trendyol in 2018. We excluded net gains or losses arising from the changes in fair value and impairment of our investments from our non-GAAP measures. (ii) Segment adjusted EBITA (3) Except for the share of profit of equity method investees, we excluded these investment related net gains or losses from our non-GAAP measures. In an increasingly complex world, we have proactively transformed our organization to strengthen the competitiveness of our businesses through greater independence to address the evolving needs of different customers and capture new opportunities, said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. In April, we started testing a new interface for Taobao app that aims at increasing front page exposure for livestreaming, channels for price competitive products and neighborhood shopping categories. On March 28, 2023, we announced a new organizational and governance structure to empower all our businesses to become more agile, enhance decision making, enable faster responses to market changes and promote innovation to capture opportunities, thereby unlocking shareholder value. Lucy Lei PENG, Director (Partner, Alibaba Partnership) Zeming WU, Director (Group Chief Technology Officer) During the 2023 DingTalk Spring Summit on April 18, 2023, DingTalk unveiled the integration of intelligent capabilities based on Alibaba's Tongyi Qianwen LLM into its product. https://www.vbprofiles.com/companies/trendyol-59282520105eb52b85fb8e7d, https://webrazzi.com/2018/06/29/alibabanin-trendyol-yatirimi-ile-hangi-yatirimcilar-cikis-yapti/, Learn how and when to remove this template message, promotes the subject through exaggeration of unnoteworthy facts, "Trendyol'un Mega Eyll kampanyas balyor", "Trendyol'un kurucusu, 'Gen Kresel Lider' seildi", "SoftBank investment in Trendyol creates Turkey's first decacorn", "Trendyol'dan Ar-Ge'ye 45 milyon TL'lik yatrm", "Hande zmirliolu: 1 milyar dolar yakalarz", "Trendyol received new investment, its valuation was 16.5 billion dollars - Market Agenda", https://en.wikipedia.org/w/index.php?title=Trendyol&oldid=1156434879, Short description is different from Wikidata, Articles with a promotional tone from March 2019, Articles with wikipuffery from November 2021, Articles with a promotional tone from November 2021, Creative Commons Attribution-ShareAlike License 3.0, The product doesn't match with the visual and content information, This page was last edited on 22 May 2023, at 21:00. Share Repurchases Alibaba-backed Trendyol becomes Turkeys first decacorn, raises USD 1.5 billion at USD 16.5 billion valuation. Without the effect of share-based compensation expense, product development expenses as a percentage of revenue would have decreased from 6% in the quarter ended March 31, 2022 to 5% in the quarter ended March 31, 2023. Diluted earnings per ADS in the quarter ended March 31, 2023 was RMB9.00 (US$1.31), compared to diluted loss per ADS of RMB6.07 in the same quarter in 2022. The round was co-led by General Atlantic, SoftBank Vision Fund 2, Princeville Capital, ADQ (UAE), and Qatar Investment Authority. The director and CEO candidates of these major business groups are subject to the approval and appointment of Alibaba Groups board of directors. Beginning on October 1, 2022, we reclassified the results of our Instant Supermarket Delivery () business, which was previously reported under China commerce segment, to Local consumer services segment following the strategy refinement of Instant Supermarket Delivery business to focus on building customer mindshare for grocery delivery services through Ele.me platform. Tehran, Tehran, Iran 1001-5000 Seed Private www.digikala.com/ 151,729 Highlights Contacts 117 Employee Profiles 4 Similar Companies 5 Adjusted EBITA increased 60% or RMB9,469 million year-over-year to RMB25,280 million (US$3,681 million) in the quarter ended March 31, 2023, compared to RMB15,811 million in the same quarter of 2022. We see real potential for the company to accelerate its already substantial growth in the regional and global e-commerce space.. With 86.50% of the companys shares, Alibaba is the largest shareholder of Trendyol, which sold 347 million products in 2020 alone. This reclassification conforms to the way that we manage and monitor segment performance. - Legal Structure and Ownership: Synopsis on company's shareholders outlining the legal structure and ownership - Company Headcount: List of key employees as well as the headcount of the company, hierarchy - Locations/Facilities: Contact details listing the key locations/facilities, subsidiaries of the company Innovation initiatives and others adjusted EBITA in fiscal year 2023 was a loss of RMB6,907 million (US$1,006 million), compared to a loss of RMB7,129 million in fiscal year 2022. The funding proceeds will support Trendyols growth both within Turkey and internationally. The company offers a wide range of products such as clothing, furniture, home textiles, cosmetics and electronics, enabling customers to have seamless access to daily use products. It was founded in 2015 and is based in Turkey. Costs and Expenses Customers are allowed to postpone the arrival time or change the arrival address after ordering the product. Impairment of goodwill Impairment of goodwill in fiscal year 2023 was RMB2,714 million (US$395 million), a decrease of 89% or RMB22,427 million from RMB25,141 million in fiscal year 2022. Startup Continent: The Most Well-Funded Tech Startups In Europe, This SoftBank Group-Backed E-Commerce Giant Raised $1.5B To Expand Globally, Alibaba Group Announces March Quarter and Full Fiscal Year 2023 Results, Lazada is about to become a very lucrative failure, as leaks suggest possible IPO in 2024, Alibabas global online e-commerce arm that includes Lazada weighs US IPO, sources say. (i) Segment revenue This reclassification conforms to the way that we manage and monitor segment performance. Trendyol Discount Codes, Coupon Codes & Offers - June 2023 - Couponkirin During the quarter, AliExpress launched Choice, a new service to global consumers. Beginning on October 1, 2022, we reclassified the results of our Instant Supermarket Delivery () business, which was previously reported under China commerce segment, to Local consumer services segment following the strategy refinement of Instant Supermarket Delivery business to focus on building customer mindshare for grocery delivery services through Ele.me platform. The year-over-year increases were primarily due to an increase in China commerce adjusted EBITA, as well as narrowed adjusted EBITA losses of Local consumer services and Digital media and entertainment. In addition to Alibaba, the founding partner of the company, Demet Mutlu holds 6.96% of the companys shares while Evren ok owns 5.55%, Begm Tekin owns 0.78%, and Zeki Gl Kaya owns 0.21% of the shares. Non-GAAP diluted earnings per ADS was RMB10.71 (US$1.56), an increase of 35% year-over-year and non-GAAP diluted earnings per share was RMB1.34 (US$0.20 or HK$1.53), an increase of 35% year-over-year. "Updated on. Trudy Shan DAI, Director (Chief Executive Officer, Taobao & Tmall Group) The Turkish company has grown its GMV by 20x over the last four years, reaching USD 10 billion (annualized) this year, according to a noteby one of its early investors. We remain focused on improving the customer value proposition of our Taobao app by (i) increasing media content that strengthens consumer engagement, (ii) being more price competitive through more effective targeting and introduction of new marketing features and (iii) catering to consumers time-sensitive needs for high-frequency everyday necessities through our neighborhood retail businesses. To-Home Revenue from Cainiao, which represents revenue from its domestic and international one-stop-shop logistics services and supply chain management solutions, after inter-segment elimination, was RMB55,681 million (US$8,108 million) in fiscal year 2023, an increase of 21% compared to RMB46,107 million in fiscal year 2022, primarily contributed by the increase in revenue from domestic consumer logistics services as a result of service model upgrade since late 2021 whereby Cainiao took on more responsibilities throughout the logistics process to better serve customers and enhance customer experience, as well as the increase in revenue from international fulfillment solution services. (ii) Segment adjusted EBITA Trendyol ist deine neueste Fashion Destination - wo Trends und Top-Preise zusammengehren. International Commerce Wholesale Business The group includes Trendyol Express, a last-mile delivery solution, Trendyol Go, an instant grocery and food delivery through its own courier network, Trendyol Pay, a digital wallet, and Dolap, Turkeys leading second-hand C2C platform, among others.
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