Turkish e-commerce stocks surge after key announcement

The Turkish e-commerce platform company is turning heads on Wednesday after announcing that the company has launched a cargo distribution service in select regions of Turkey using 21 electric vans. According to the release, the electric vans have begun deliveries in densely populated major cities including Istanbul, Ankara, Izmir, Mugla and Antalya.

D-Market Electronic Services & Trading Shares (Nasdaq:HEPS) rose sharply on the news, with investors pushing the price up to $2.74/share (+13.22%) at the time of writing. This move is a strong continuation of the success the stock has enjoyed over the past week, reaching another 52-week high!

D-MARKET Electronic Services & Trading offers e-commerce platform in Turkey and surrounding areas. The company consists of one reporting segment, namely e-commerce operations. The group derives revenue from merchandise sales, marketplace revenue and other revenue.

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