Turkey's competition authority opens probe into e-commerce firm Trendyol

ANKARA

The Turkish Competition Authority on Monday decided to open an investigation into e-commerce firm Trendyol, backed by Chinese internet giant Alibaba, on whether the company violated the country's competition laws.

A preliminary inquiry over Trendyol's violating the country's law on the protection of the competition has been concluded, the competition board said in a statement.

The probe will decide whether Trendyol violated the fourth article of Turkey's competition law related to practices to disrupt, prevent or limit competition, and the sixth article on abuse of dominant position in the market.