ISTANBUL, July 3, 2023
/PRNewswire/ -- D-MARKET Electronic Services & Trading
(d/b/a "Hepsiburada") (NASDAQ: HEPS), a leading Turkish e-commerce
platform (referred to herein as "Hepsiburada" or the "Company"),
announces the first quarterly results of the "Trade and Technology
Empowerment for the Earthquake" program for the period from
March 6 to June 16, 2023.
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To provide the earliest possible relief to the affected areas,
Hepsiburada immediately took several actions including dispatching
aid and mobilizing 1,500 employees to help the region struck by the
earthquakes on February 6, 2023 and
after. In addition, the Company launched the "Trade and Technology
Empowerment for the Earthquake Region" program on March 6, 2023 to achieve sustainable welfare in
the 11 stricken provinces. The program seeks to create a total
sales volume of TRY 10 billion from the region to Türkiye and to
the world in two years through support for SMEs, merchants and
family businesses, women entrepreneurs and women's cooperatives. It
also aims to shift employment-enhancing services and activities to
the region and thereby increase the region's e-commerce and
logistics capacity. The program additionally includes education and
social support for children and families.
According to the results of the first quarter of the
program:
- Nearly 6,000 SMEs and merchants in the region are making
use of Hepsiburada's technology, trade, logistics and marketing
opportunities.
- 1,000 SMEs and merchants started e-commerce activities
thanks to the opportunities provided by Hepsiburada.
- Active sellers in the region sold a total of 2.5 million
products, generating a trade volume exceeding TRY 850 million.
- The trade volume generated by 1,800 women entrepreneurs and
women's cooperatives reached TRY 72 million.
- The first E-Commerce Specialization Center in the region
has opened in Adana.
- The Company has reached more than 3,000 children in the region
through social responsibility activities.
The program is expected to last for two years.
Forward-Looking Statements
This press release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, Section 21E of the Securities
Exchange Act of 1934, as amended and the Safe Harbor provisions of
the US Private Securities Litigation Reform Act of 1995, and
encompasses all statements, other than statements of historical
fact contained in this press release, and include but are not
limited to statements regarding Hepsiburada's "Trade and Technology
Empowerment for the Earthquake Region" pogram. These
forward-looking statements can be identified by terminology such as
"may," "could," "will," "expects," "anticipates," "aims," "future,"
"intends," "plans," "believes," "estimates," "targets," "likely to"
and similar statements.
These forward-looking statements are based on management's
current expectations. However, it is not possible for our
management to predict all risks, nor can we assess the impact of
all factors on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements
we may make. These statements are neither promises nor guarantees
but involve known and unknown risks, uncertainties and other
important factors and circumstances that may cause Hepsiburada's
actual results, performance or achievements to be materially
different from its expectations expressed or implied by the
forward-looking statements, including conditions in the U.S.
capital markets, negative global economic conditions, potential
negative developments resulting from epidemics or natural
disasters, other negative developments in Hepsiburada's business or
unfavorable legislative or regulatory developments. We caution you
therefore against relying on these forward-looking statements, and
we qualify all of our forward-looking statements by these
cautionary statements. For a discussion of additional factors that
may affect the outcome of such forward-looking statements, see our
2022 annual report filed with the SEC on Form 20-F on May 1, 2023 (Commission File Number: 001-40553),
and in particular the "Risk Factors" section, as well as the other
documents filed with or furnished to the SEC by Hepsiburada from
time to time. Copies of these filings are available online from the
SEC at www.sec.gov, or on the SEC Filings section of our Investor
Relations website at https://investors.hepsiburada.com. These and
other important factors could cause actual results to differ
materially from those indicated by the forward-looking statements
made in this press release. Any such forward-looking statements
represent management's estimates as of the date of this press
release. These forward-looking statements should not be relied upon
as representing Hepsiburada's views as of any date subsequent to
the date of this press release. All forward-looking statements in
this press release are based on information currently available to
Hepsiburada, and Hepsiburada and its authorized representatives
assume no obligation to update these forward-looking statements in
light of new information or future events. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
About Hepsiburada
Hepsiburada is a leading e-commerce
technology platform in Türkiye, connecting over 57 million members
with approximately 180 million stock keeping units across over 30
product categories. Hepsiburada provides goods and services through
its hybrid model combining first-party direct sales (1P model) and
a third-party marketplace (3P model) with over 100,000
merchants.
With its vision of leading the digitalization of commerce,
Hepsiburada acts as a reliable, innovative and purpose-led
companion in consumers' daily lives. Hepsiburada's e-commerce
platform provides a broad ecosystem of capabilities for merchants
and consumers including: last-mile delivery and fulfilment
services, advertising services, on-demand grocery delivery
services, and payment solutions offered through Hepsipay,
Hepsiburada's payment companion and Buy-Now-Pay-Later solutions
provider. HepsiGlobal offers a selection from international
merchants through its inbound arm while outbound operations aim to
enable merchants in Türkiye to make cross-border sales.
Since its founding in 2000, Hepsiburada has been purpose-led,
leveraging its digital capabilities to develop the role of women in
the Turkish economy. Hepsiburada started the "Technology
Empowerment for Women Entrepreneurs" programme in 2017, which has
supported over 43,000 female entrepreneurs throughout Türkiye to
reach millions of customers with their products.
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SOURCE Hepsiburada