Scoop: Alibaba paid $750 million for Turkish startup Trendyol

Turkey is making news for all the wrong reasons, with the latest being a proposed boycott of U.S. electronic goods like iPhones. So here's a silver scoop for that lira-lined cloud:

Alibaba last week acquired a majority stake in Turkish e-commerce company called Trendyol at an enterprise value of at least $750 million, according to multiple sources.