Alibaba Group has said it recorded a gain of about 6 billion yuan from the sale of an 85% stake in Trendyol GO, the local services business operated in Turkey by its subsidiary Trendyol. The disclosure was included in Alibaba’s mid-year report for fiscal year 2026, released on Thursaday.

According to the filing, Alibaba entered into a share purchase agreement in May 2025 to divest the majority stake in Trendyol GO. The cash consideration for the transaction amounted to U.S.$ 700 million (approximately 5 billion yuan), and the deal was completed within the six-month period ending September 30, 2025.

Alibaba said the transaction generated a total gain of around 6 billion yuan, which has been recognized in the company’s unaudited condensed consolidated income statement for the reporting period under interest and investment income. The gain reflects several components, including the cash proceeds received, the carrying value of Trendyol GO’s net assets, and the fair value of the remaining 15% ownership Alibaba retained after the sale.

The divestment marks a further step in Alibaba’s ongoing efforts to refine its portfolio and focus on core strategic businesses, following a broader corporate restructuring that began in 2023. Trendyol, one of  Turkey’s largest e-commerce platforms, remains a key asset in Alibaba’s international portfolio despite the partial exit from Trendyol GO’s local services operation.