Turkey: Electricity Supplier Booming, Amazon Ebay Injection

The booming electricity supplier attracted the attention of Gulf state investors and injected Turkey's online retail industry.

Ou Rui International expects Turkey electricity supplier sales to double in 2017, totalling $6 billion 600 million.

In addition to Middle Eastern investors, investors in western countries have shown strong interest in the market, eBay.

And the Naspers group in South Africa has acquired or invested in local e-commerce enterprises.

According to recent reports, the Private Equity Firm Abraaj Group, based in Dubai, recently claimed to have acquired part of the Hepsiburada stake in Turkey's largest online retailer, hoping to get a slice of the booming online retail market.

Hepsiburada, a Turkey network retailer, was founded in 1998 and is part of the Dogan consortium in the fields of media, energy and financial services.

Hepsiburada is currently valued at $400 million, and its website has 14 million visitors per month.

"Since 2007, the development of Turkey's retail market has been 7 times that of the physical retail market.

Although the proportion of Turkey's electricity providers in the retail industry is still relatively low, it is only 1/5 of the European level.

Abraaj company partner Selcuk Yorgancioglu said.

It is understood that Selcuk Yorgancioglu is the leader of this investment.

Last year, Naspers Group acquired the existing shares of Markafoni Group and held 100% stake in the flash shopping website.

In 2001, eBay further acquired shares of GittiGidiyor, the leading online retailing site in Turkey, with a total holding of 93%.

In the same year, Amazon also acquired some stake in Turkey's flower and gift e-commerce website Ciceksepeti.

Turkey shopping mall construction has been booming in recent years, but the fast growing network.

Become a hot spot for investors and become a strong competitor in the physical retail industry.

It is understood that nearly 77 million of the population of Turkey has access to the Internet, and the proportion of young Internet users is also high.