trendyol shareholders

Alibaba became a shareholder of the company by acquiring the shares of 3 international shareholders in Trendyol. Amortization of intangible assets Amortization of intangible assets in the quarter ended March 31, 2023 was RMB2,494 million (US$363 million), a decrease of 12% from RMB2,831 million in the same quarter of 2022. Trendyol has a three-member board of directors The board of directors for Trendyol is made up of three members. The increase in revenue from Trendyol resulted from more efficient use of subsidies and robust year-over-year order growth. Trudy Shan DAI, Director and Chief Executive Officer Competitors of Trendyol include Yollando.com and 8 more. Unallocated expenses primarily relate to corporate administrative costs and other miscellaneous items that are not allocated to individual segments. We are taking concrete steps towards unlocking value from our businesses and are pleased to announce that our board has approved a full spin-off of the Cloud Intelligence Group via a stock dividend distribution to shareholders, with intention for it to become an independent publicly listed company. The reduced loss from Trendyol is primarily due to revenue growth and enhanced operating efficiency. Serving up trend-led denim and stripped back casualwear, Trendyol combines each season's key pieces with timeless appeal. Lucy Lei PENG, Director (Partner, Alibaba Partnership) Trendyol also owns a fashion line, Milla, which is a brand created via crowdsourcing. Following the investment made by Alibaba, Tiger Global, Kleiner Perkins Caufield Byers, and EBRD were withdrawn. Trendyol, on average, offers a 33% off discount. 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. As a PaaS platform, DingTalk will further help customers and ecosystem partners to unlock the potential of AI capabilities. Funding Rounds About Digikala, an online store, sells sports and entertainment, arts and culture, and digital products as well as appliances and personal items. 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. The round was co-led by General Atlantic, a leading global growth equity firm, SoftBank Vision Fund 2*, as well as Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority. 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. Download now and start using! Turkish startups have been on a roll in the last twelve months, with Getir reaching aUSD 7.5 billion valuationand expanding to international markets, Peakgetting acquired for USD 1.8 billion, and Hepsiburada going public on Nasdaq (it currently has a market cap of over USD 4 billion). A reconciliation of net income to adjusted EBITDA and adjusted EBITA is included at the end of this results announcement. This represents share-based awards of our subsidiaries. Costs and Expenses Revenue from our International commerce wholesale business in the quarter ended March 31, 2023 was RMB4,574 million (US$666 million), an increase of 3% compared to RMB4,448 million in the same quarter of 2022. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs). The following table sets forth our analysis of share-based compensation expense for the periods indicated by type of share-based awards: We are very excited to partner with such strong investors who share our vision. During the quarter ended March 31, 2023, net cash used in investing activities of RMB26,808 million (US$3,904 million) primarily reflected (i) an increase in other treasury investments by RMB12,803 million (US$1,864 million), (ii) an increase in short-term investments by RMB11,863 million (US$1,727 million), (iii) cash outflow of RMB7,492 million (US$1,091 million) for investment and acquisition activities, and (iv) capital expenditures of RMB3,478 million (US$506 million). Revenue from Innovation initiatives and others was RMB563 million (US$82 million) in the quarter ended March 31, 2023, an increase of 47% compared to RMB384 million in the same quarter of 2022. International commerce adjusted EBITA was a loss of RMB5,620 million (US$818 million) in fiscal year 2023, compared to a loss of RMB8,991 million in fiscal year 2022. A reconciliation of net income to non-GAAP net income is included at the end of this results announcement. Initial Public Offering Plan of Freshippo (Hema) Adjusted EBITDA and Adjusted EBITA The latest Alibaba transaction reportedly valued the company at USD 9.4 billion. 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 . Eddie Yongming WU, Director (Partner, Alibaba Partnership) (ii) Segment adjusted EBITA Trendyol International Reviews | Read Customer Service Reviews of 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. Tehran, Tehran, Iran 1001-5000 Seed Private www.digikala.com/ 151,729 Highlights Contacts 117 Employee Profiles 4 Similar Companies 5 As previously announced, five of our major business groups will have the flexibility to raise external capital and potentially to seek its own initial public offering, with the exception of Taobao & Tmall Group, which will remain wholly-owned by Alibaba Group. (ii) Segment adjusted EBITA Our board of directors has formed a new capital management committee to undertake a comprehensive capital management plan to enhance shareholder value. This decrease was primarily due to the general decrease in the average fair market value of the awards granted. Digital media and entertainment adjusted EBITA in fiscal year 2023 was a loss of RMB1,874 million (US$273 million), compared to a loss of RMB4,690 million in fiscal year 2022, primarily due to the narrowing of loss from Youku driven by disciplined investment in content and production capability. In addition to Alibaba, the founding partner of the company, Demet Mutlu holds 6.96% of the company's shares while Evren ok owns 5.55%, Begm Tekin owns 0.78%, and Zeki Gl Kaya owns 0.21% of the shares. Discover daily deals, trending brands and shop the latest trends at best prices - all in one place. In March, Cainiao became the first China logistics partner of the United Nations World Food Programme (WFP) , and through the partnership Cainiao will help WFP shorten delivery time of critical supplies during global emergency situations. 74,99 . The above-mentioned gains and losses were excluded from our non-GAAP net income. As an investor in e-Commerce platforms globally, we are excited to partner with Trendyol and look forward to supporting the Companys journey as one of EMEAs emerging digital champions., Great management teams build one-of-a-kind great technology companies said Emmanuel DeSousa, Managing Partner at Princeville Capital. 05/18/2023 | 07:09am EDT During the quarter ended March 31, 2023, net cash used in financing activities of RMB9,319 million (US$1,357 million) primarily reflected cash used in repurchase of ordinary shares of RMB12,611 million (US$1,836 million), partially offset by net proceeds from bank borrowings of RMB3,294 million (US$480million). Maggie Wei WU, Director (Director, Alibaba Group) Women's Trendyol | Shop Women's Trendyol dresses, skirts and - ASOS Business Group Spin-offs and Capital Raisings Chinese ecommerce firm Alibaba is the majority shareholder in Trendyol. Income from operations in the quarter ended March 31, 2023 was RMB15,240 million (US$2,219 million), or 7% of revenue, compared to RMB16,717 million, or 8% of revenue, in the same quarter of 2022. Shunyan ZHU, Director (Chairman and Chief Executive Officer, Alibaba Health) Total revenue generated by Cainiao, before inter-segment elimination, which includes revenue from services provided to other Alibaba businesses, was RMB77,512 million (US$11,287 million), an increase of 16% compared to RMB66,808 million in fiscal year 2022. Businesses include luxury fashion stores to department stores and e-commerce retailing. We excluded net gains or losses arising from the changes in fair value and impairment of our investments from our non-GAAP measures. Adjusted EBITA, a non-GAAP measurement, increased 13% or RMB17,514 million year-over-year to RMB147,911 million (US$21,538 million), primarily due to 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. [7]1.4 million individual sellers are currently active on Dolap. Evren Ucok is a founder and executive chairman. We have established a capital management committee at the Alibaba board level to undertake a comprehensive capital management plan to enhance shareholder value. With this new funding, Trendyol becomes Turkey's first Decacorn. Local consumer services adjusted EBITA was a loss of RMB4,153 million (US$605 million) in the quarter ended March 31, 2023, compared to a loss of RMB5,568 million in the same quarter of 2022, primarily due to the continued narrowing of loss from our To-Home business 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. CBI websites generally use certain cookies to enable better interactions with. During the quarter ended March 31, 2023, Taobao Deals and Taocaicai significantly narrowed losses year-over-year, mainly driven by optimized spending in user acquisition and improving overall operating efficiency. Reconciliations of GAAP measures to non-GAAP measures presented above are included at the end of this results announcement. Excluding share-based compensation expense, revaluation and disposal gains/losses of investments, impairment of investments, as well as the deferred tax effects on basis differences arising from our equity method investees, our effective tax rate would have been 17% in the quarter ended March 31, 2023. [1] Founded in 2010[2] by Demet Mutlu, Trendyol is a private company, specialising in the fashion and retail sector. 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. Adjusted EBITA margin increased from 23% in the quarter ended March 31, 2022 to 28% in the quarter ended March 31, 2023. 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. Cainiao Smart Logistics Network Limited(1) Cloud Your email address will not be published. Trendyol Group - Crunchbase Company Profile & Funding (i) Segment revenue The year-over-year increase also reflected the dividend received from Ant Group of RMB10,519 million (US$1,532 million) in the quarter ended March 31, 2023, narrowing losses of certain businesses driven by improving operating efficiency, as well as the decrease in capital expenditure. For more information on General Atlantic, please visit the website: www.generalatlantic.com. Sort. Taocaicai continues to drive category penetration in high purchase frequency categories of groceries and fresh produce on our China retail marketplaces. Doing Business in Turkey .com is the leading business news and information portal that provides lots of resources for global entrepreneurs and corporates who consider starting or operating a business in Turkey. For the quarter ended March 31, 2023, after inter-segment elimination, revenue contribution from non-Internet industries to Cloud segment revenue was 55%. Without the effect of share-based compensation expense, cost of revenue as a percentage of revenue would have decreased from 68% in the quarter ended March 31, 2022 to 66% in the quarter ended March 31, 2023. Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces. (i) Segment revenue Zeming WU, Director (Group Chief Technology Officer) Trendyol Collection Evening & Prom Dress - Green - Shift. This reclassification conforms to the way that we manage and monitor segment performance. Income from operations in fiscal year 2023 was RMB100,351 million (US$14,612 million), or 12% of revenue, an increase of 44% compared to RMB69,638 million, or 8% of revenue, in fiscal year 2022. Taking its cue from the latest runway and street-style trends, the brand makes a selection of dresses, tops, bottoms and outerwear that will ensure you always look relevant. 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. Revenue All of these impacts were excluded from our non-GAAP measures of profitability. Income from operations and operating margin The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies. *Required fields Woohoobox is an online shopping site that provides apparel, accessories, gifts, and customized products It is based in Istanbul, Turkey. The round was co-led by General Atlantic, SoftBank Vision Fund 2, as well as Princeville Capital and sovereign wealth funds, ADQ (UAE) and the Qatar Investment Authority, the company said in a statement. Trendyol has successfully evolved into a super-app, combining its marketplace platform powered by its own last-mile delivery solution (Trendyol Express), with instant grocery and food delivery through its own courier network (Trendyol Go), its digital wallet (Trendyol Pay), consumer-to-consumer channel (Dolap) and many other services. The company helps customers to start selling with one click in global marketplaces such as Amazon, eBay, Etsy, and more. Alibaba Cloud Digital Media and Entertainment 4 Products Found. (1) Funding Trendyol Group has raised a total of $1.9B in funding over 5 rounds. 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. 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. 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. The directors and CEOs of the six major business groups approved by Alibaba Groups board of directors are: Revenue for the quarter ended March 31, 2023 was RMB208,200 million (US$30,316 million), an increase of 2% compared to RMB204,052 million in the same quarter of 2022. For AliExpress Choice, Cainiao has upgraded its warehouse network to improve its parcel bundling and direct shipping capabilities, enabling merchants to achieve full-scale global logistics management for worldwide shipping. Alibaba-backed Trendyol becomes Turkey's first decacorn - KrASIA For the quarter ended March 31, 2023, paid GMV of M2C products grew 26% year-over-year on Taobao and Taobao Deals. Customer management revenue decreased by 5% year-over-year, primarily due to the mid-single-digit decline of online physical goods GMV generated on Taobao and Tmall, excluding unpaid orders year-over-year. Trendyol Company Profile, Financial and Strategic SWOT Analysis Product development expenses Product development expenses in the quarter ended March 31, 2023 were RMB13,880 million (US$2,021 million), or 7% of revenue, compared to RMB10,944 million, or 5% of revenue, in the same quarter of 2022. With 86.50% of the companys shares, Alibaba is the largest shareholder of Trendyol, which sold 347 million products in 2020 alone. 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. (ii) Segment adjusted EBITA Boyner Grup (traded on Istanbul stock exchnage BST: BOYNR) is a leading non-food and non-electronic retail group in Turkey serving customers with 8 group companies and 500+ stores. 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. We announced a new instance family that provides the same level of stability and offers up to 40% cost savings. (ii) Segment adjusted EBITA Fan JIANG, Director (Chief Executive Officer, Alibaba International Digital Commerce Group) Share of results of equity method investees in the quarter ended March 31, 2023 was RMB446 million (US$65 million), compared to RMB3,282 million in the same quarter of 2022. Alibaba Group Istanbul, Istanbul, Turkey 10001+ Private Equity Private www.trendyol.com 36,564 Actively Hiring - View All Jobs Highlights Acquisitions 1 Total Funding Amount $1.9B Contacts 200 Employee Profiles 6 Investors 10 Similar Companies 8 Jan 12, 2022 Find More Contacts for Trendyol Group Protected Content CTO All rights reserved. Without the effect of share-based compensation expense, sales and marketing expenses as a percentage of revenue would have decreased from 13% in the quarter ended March 31, 2022 to 12% in the quarter ended March 31, 2023. Lin WAN, Director and Chief Executive Officer Trendyol Partnership: At the 2023 Alibaba Cloud Partner Conference, Alibaba Cloud unveiled several initiatives to our partners, including the promotion of commission to our ecosystem partners, in order to further integrate our proprietary technology and products into our partners solutions to create value for our enterprise customers. 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. The committee is chaired by Ms. Irene Lee, and the members are Mr. Albert Ng, Mr. Kabir Misra, Mr. Daniel Zhang and Mr. J. Michael Evans. Trendyol operates in Trendyol Group structure. (i) Segment revenue Except for the share of profit of equity method investees, we excluded these investment related net gains or losses from our non-GAAP measures. Mit unserer groen Auswahl an Kleidung, Schuhen und Accessoires bieten wir angesagte Outfits fr jeden Stil, jeden Anlass und jedes Budget. After product is purchased, users can learn the situation of their cargo shipment from "My Orders" section, users are allowed to track their shipment process from there. Investors of Trendyol include Princeville Global, General Atlantic, SoftBank , Qatar Investment Authority, ADQ and 6 more. Cainiao It acquired an undisclosed majority stake in the company at a valuation of USD 728 millionin April 2018. Adjusted EBITDA increased 11%. )% (4) This committee will review and decide important matters relating to Alibaba Groups activities as a holding company, including capital market transactions, shareholder return initiatives, subsidiary equity incentive plans, fundraisings, initial public offerings and spin-offs. The committee is chaired by Mr. Daniel Zhang, Chairman and Chief Executive Officer, and the members are Mr. Joseph C. Tsai, Director and Executive Vice Chairman, Mr. J. Michael Evans, Director and President, and Ms. Maggie Wu, Director and former Chief Financial Officer. Customers are allowed to return the products. The increase was primarily due to the growth in revenue generated by Trendyol, Lazada and AliExpress. Progress in decarbonization Chinese e-commerce firm Alibaba is the majority shareholder in Trendyol. This represents Ant Group share-based awards granted to our employees, which is subject to mark-to-market accounting treatment. By continuing to use this site you are consenting to these choices. The increase was primarily due to the increase in revenue from value-added services to paying members. Alibaba invests $750m in Turkey's Trendyol to compete against Amazon PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. (1) 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. FULL FISCAL YEAR OTHER FINANCIAL RESULTS Net cash provided by operating activities was RMB199,752 million (US$29,086 million). (i) Segment revenue Trendyol Seeks Over $1 Billion to Be Largest Turkish Startup It makes the online firm the most valuable company in Turkey. Excluding the share-based compensation expense, revaluation and disposal gains/losses of investments, impairment of investments and certain other items, non-GAAP net income in the quarter ended March 31, 2023 was RMB27,375 million (US$3,986 million), an increase of 38% compared to RMB19,799 million in the same quarter of 2022.
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