D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also offers HepsiExpress, an app-in-app initiative and on-demand delivery service that delivers groceries, water, and flowers; HepsiJet that provides last- mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, a pick-up and drop-off point; HepsiAd that provides advertising service and data driven insights; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and HepsiFly for buying airline tickets online. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey.
IPO Year: 2021
Exchange: NASDAQ
Website: https://www.hepsiburada.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2025 | $3.50 | Buy → Hold | HSBC Securities |
| 6/14/2023 | $0.90 → $2.00 | Neutral → Buy | Citigroup |
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
6-K - D-MARKET Electronic Services & Trading (0001850235) (Filer)
ISTANBUL, Feb. 01, 2025 (GLOBE NEWSWIRE) -- 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"), today announces the voting results of the Extraordinary General Assembly Meeting of Shareholders ("EGM") held on January 31, 2025, the new composition of the Committees of its Board of Directors ("Board"), and the appointment of a General Counsel and Corporate Secretary. EGM Voting Results The EGM was duly called and held in accordance with the relevant provisions of the Turkish Commercial Code (the "TCC") and the Regulation on Principles and Procedures for General Asse
ISTANBUL, Jan. 29, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), announces the closing (the "Closing"), on January 29, 2025 (the "Closing Date"), of the previously disclosed transaction between Joint Stock Company Kaspi.kz, a joint stock company incorporated under the laws of Kazakhstan (the "Buyer"), and Hanzade Vasfiye Doğan Boyner, Hepsiburada's founder, Vuslat Doğan Sabancı, Yaşar Begümhan Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan (collectively, the "Sellers"), pursuant to the Stock Purchase Agreement (the "Agreement") entered into on October 17, 2024 by and among the Buyer and the Sellers. In accordance with t
ALMATY, Kazakhstan, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz ("Kaspi.kz") (NASDAQ:KSPI) has announced that it has completed its acquisition (the "Transaction") of 40,000,000 Class A and 173,246,220 Class B shares (collectively, the "Shares") of D-Market Electronic Services & Trading ("Hepsiburada") (NASDAQ:HEPS) pursuant to the Stock Purchase Agreement (the "Agreement") entered into on 17 October 2024 among Kaspi.kz and a group of sellers including Hanzade Doğan, the founder and controlling shareholder of Hepsiburada, Vuslat Doğan Sabancı, Begüm Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan (the "Sellers"). Mikheil Lomtadze, CEO and co-founder of Kaspi.kz,
ISTANBUL, Jan. 17, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading e-commerce technology platform in Türkiye, and Vodafone Türkiye, a leading mobile telecommunications company, have announced a strategic collaboration aimed at enhancing customer experience in the e-commerce and telecommunication sectors. The collaboration integrates the new "Hepsiburada for Vodafone Users" platform into the Vodafone Yanımda app, which has over 16 million users. Hepsiburada will manage the end-to-end e-commerce operations on this new platform, providing easy access to Hepsiburada's 280 million SKUs across more than 30 product categories. Cu
ISTANBUL, Jan. 03, 2025 (GLOBE NEWSWIRE) -- 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 that, as of January 2, 2025, the four regulatory approvals required for effecting the previously announced sale and purchase of 65.4% of the total outstanding shares of the Company pursuant to the stock purchase agreement dated October 17, 2024, between Joint Stock Company Kaspi.kz, as buyer, and the selling controlling shareholders of Hepsiburada identified therein, as sellers (the "Stock Purchase Agreement") have been granted. The relevant regulatory authorities ident
ISTANBUL, Dec. 26, 2024 (GLOBE NEWSWIRE) -- 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"), today announces a change to the composition of its Board of Directors. Effective December 27, 2024, Mr. Hikmet Ersek, an independent member of the Company's Board of Directors and a member of the Corporate Governance Committee, stepped down from his position. The Board of Directors decided to appoint Mr. Tayfun Bayazıt, an independent member of the Board of Directors, as new member of the Corporate Governance Committee to replace Mr. Hikmet Ersek. About Hepsi
ISTANBUL, Dec. 13, 2024 (GLOBE NEWSWIRE) -- 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 21-month results of the "Trade and Technology Empowerment for the Earthquake Region" program (the "Program") for the period from March 6, 2023 to December 4, 2024. Since the Program's launch in March 2023: • The total number of active merchants operating in the earthquake region has reached approximately 9,600, with approximately 5,700 new businesses selling their products online through Hepsiburada. The number of new businesses increased by more than 22% over th
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"), today announces its unaudited financial results for the third quarter and the nine months ended September 30, 2024. Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies ("IAS 29"), the financial statements of entities whose functional currency is that of a hyperinflationary economy must be adjusted for the effects of changes in a general price index. Turkish companies reporting under International Financial Reporting Standards ("IFRS
ISTANBUL, Türkiye, Dec. 03, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, has been recognized with five awards at the International Customer Experience Awards, hosted by the UK-based Customer Experience Magazine. Customer Experience Magazine is a globally recognized platform showcasing industry news, insights, and success stories related to customer experience. The awards recognize organizations that deliver outstanding customer service, leveraging insights, technology and innovative approaches. The full list of Hepsiburada's awards includes: Gold Winner: Customers at the Heart of EverythingSilv
ISTANBUL, Nov. 19, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the third quarter ending September 30, 2024 before the U.S. market opens on Tuesday, December 10, 2024. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 13.00 London / 8.00 a.m. New York time on Tuesday, December 10, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada241210.html. A replay will be available on the
HSBC Securities downgraded Hepsiburada from Buy to Hold and set a new price target of $3.50
Citigroup upgraded Hepsiburada from Neutral to Buy and set a new price target of $2.00 from $0.90 previously
ISTANBUL, Feb. 01, 2025 (GLOBE NEWSWIRE) -- 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"), today announces the voting results of the Extraordinary General Assembly Meeting of Shareholders ("EGM") held on January 31, 2025, the new composition of the Committees of its Board of Directors ("Board"), and the appointment of a General Counsel and Corporate Secretary. EGM Voting Results The EGM was duly called and held in accordance with the relevant provisions of the Turkish Commercial Code (the "TCC") and the Regulation on Principles and Procedures for General Asse
ISTANBUL, Jan. 03, 2025 (GLOBE NEWSWIRE) -- 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 that, as of January 2, 2025, the four regulatory approvals required for effecting the previously announced sale and purchase of 65.4% of the total outstanding shares of the Company pursuant to the stock purchase agreement dated October 17, 2024, between Joint Stock Company Kaspi.kz, as buyer, and the selling controlling shareholders of Hepsiburada identified therein, as sellers (the "Stock Purchase Agreement") have been granted. The relevant regulatory authorities ident
ALMATY, Kazakhstan, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (NASDAQ:KSPI) has announced that it has signed a definitive agreement with Hanzade Doğan, the founder and controlling shareholder of D-Market Electronic Services & Trading (NASDAQ:HEPS), and Vuslat Doğan Sabancı, Begüm Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan to acquire 65.41% of all the total outstanding Class A and Class B shares of Hepsiburada. Founded in 2000 by Hanzade Doğan, Hepsiburada has long been one of Türkiye's leading e-commerce platforms. The company grew by focusing on customer service, technology, logistics and a broad assortment of products across various retail categories. F
ISTANBUL, Aug. 09, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS) (the "Company"), a leading Turkish e-commerce platform, will hold its Ordinary General Assembly Meeting of Shareholders (the "General Assembly") with respect to the financial year 2023, on Thursday, September 12, 2024 at 11:00 Istanbul time at the Company's headquarters at Kuştepe Mahallesi, Mecidiyeköy Yolu Caddesi, No:12 Trump Towers, Tower No:2 Şişli, İstanbul. Holders of the Company's American Depositary Shares (the "ADSs") who wish to exercise their voting rights for the underlying shares must act through the depositary of the Company's ADS program, The Bank of New Y
ISTANBUL, Feb. 27, 2024 /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"), today announced the appointment of Hakan Karadoğan to the role of Chief Executive Officer of Logistics, effective from March 25, 2024. Mr. Karadoğan will lead Hepsiburada's overall logistics operations, including warehousing, fulfillment, and last-mile delivery services for both on-platform and off-platform customers. Effective from March 31, 2024, the Company's Chief Logistics Officer, Mehmethan Yallagöz, has decided to step down from his role to pursue other business interests.
ISTANBUL, Türkiye, Jan. 24, 2024 (GLOBE NEWSWIRE) -- 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"), today announced a change to the composition of its Board of Directors. Effective January 15, 2024, Mr. Murat Emirdağ, a former member of the Company's Board of Directors, resigned from his position and Mr. Ahmet Toksoy was appointed as a member of the Board of Directors to replace Mr. Murat Emirdağ. The appointment of Mr. Ahmet Toksoy has been registered with the trade registry on January 23, 2024 and it will be submitted for approval at the Company's next general assem
ISTANBUL, Turkey, Oct. 27, 2023 (GLOBE NEWSWIRE) -- 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"), today announced a change to the composition of its Board of Directors. Effective October 20, 2023, Mr. Halil Cem Karakaş, a former member of the Company's Board of Directors, resigned from his duties and Mr. Mehmet Erol Çamur was appointed as a member of the Board of Directors to replace Mr. Halil Cem Karakaş. The appointment of Mr. Mehmet Erol Çamur will be submitted for approval by the Company's shareholders at the Company's next general assembly of shareholders. Mr. Ç
ISTANBUL, Turkey, July 27, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS) (the "Company"), a leading Turkish e-commerce platform, will hold its 2022 Annual General Assembly on Friday, August 25, 2023 at 11:00 İstanbul time at the Company's headquarters at Kuştepe Mahallesi, Mecidiyeköy Yolu Caddesi, No:12 Trump Towers Kule:2 Şişli, İstanbul. Holders of the Company's American Depositary Shares (the "ADSs") who wish to exercise their voting rights for the underlying shares must act through the depositary of the Company's ADS program, The Bank of New York Mellon. The agenda of the Annual General Assembly consists of the following
ISTANBUL, Türkiye, June 20, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (the "Company") (NASDAQ:HEPS), a leading Turkish e-commerce platform, today announced that, on June 14, 2023, at the recommendation of the audit committee, the Company's Board of Directors appointed PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. ("PwC") as its independent registered public accounting firm for the audit of the consolidated financial statements of the Company with respect to the financial year of 2023, subject to approval by the general assembly of shareholders of the Company in accordance with the Turkish Commercial Code. The Company's agreement
ISTANBUL, Turkey, Jan. 04, 2023 (GLOBE NEWSWIRE) -- 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"), today announces certain changes to its Board of Directors and its executive management team. Effective as of January 2, 2023: Dr. Stefan Gross-Selbeck is appointed as an independent board member following the resignation of Cemal Ahmet Bozer, who completed a term of six years as a board member, being the maximum term allowed under Turkish law. The appointment of Mr. Gross-Selbeck will be submitted to the approval of Hepsiburada's shareholders at the Company's annual gen
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SC 13G - D-MARKET Electronic Services & Trading (0001850235) (Subject)
ALMATY, Kazakhstan, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz ("Kaspi.kz") (NASDAQ:KSPI) has announced that it has completed its acquisition (the "Transaction") of 40,000,000 Class A and 173,246,220 Class B shares (collectively, the "Shares") of D-Market Electronic Services & Trading ("Hepsiburada") (NASDAQ:HEPS) pursuant to the Stock Purchase Agreement (the "Agreement") entered into on 17 October 2024 among Kaspi.kz and a group of sellers including Hanzade Doğan, the founder and controlling shareholder of Hepsiburada, Vuslat Doğan Sabancı, Begüm Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan (the "Sellers"). Mikheil Lomtadze, CEO and co-founder of Kaspi.kz,
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"), today announces its unaudited financial results for the third quarter and the nine months ended September 30, 2024. Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies ("IAS 29"), the financial statements of entities whose functional currency is that of a hyperinflationary economy must be adjusted for the effects of changes in a general price index. Turkish companies reporting under International Financial Reporting Standards ("IFRS
ISTANBUL, Nov. 19, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the third quarter ending September 30, 2024 before the U.S. market opens on Tuesday, December 10, 2024. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 13.00 London / 8.00 a.m. New York time on Tuesday, December 10, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada241210.html. A replay will be available on the
ISTANBUL, Aug. 27, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the second quarter ending June 30, 2024 before the U.S. market opens on Wednesday, September 11, 2024. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.00 a.m. New York time on Wednesday, September 11, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada240911.html. A replay will be available on th
ISTANBUL, Türkiye, June 13, 2024 (GLOBE NEWSWIRE) -- 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"), today announces its unaudited financial results for the first quarter ended March 31, 2024. Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies ("IAS 29"), the financial statements of entities whose functional currency is that of a hyperinflationary economy must be adjusted for the effects of changes in a general price index. Turkish companies reporting under International Financi
ISTANBUL, Türkiye, May 30, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the first quarter ending March 31, 2024 before the U.S. market opens on Thursday, June 13, 2024. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.00 a.m. New York time on Thursday, June 13, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada240613.html. A replay will be available on the He
ISTANBUL, Türkiye, March 13, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the fourth quarter and full year ending December 31, 2023 before the U.S. market opens on Monday, March 25, 2024. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 13.00 London / 9.00 a.m. New York time on Monday, March 25, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada240325.html. A replay wil
ISTANBUL, Türkiye, Dec. 05, 2023 (GLOBE NEWSWIRE) -- 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"), today announces its unaudited financial results for the third quarter ended September 30, 2023. Restatement of financial information: Pursuant to the International Accounting Standard 29, Financial Reporting in Hyperinflationary Economies ("IAS 29"), the financial statements of entities whose functional currency is that of a hyperinflationary economy must be adjusted for the effects of changes in a general price index. Turkish companies repor
ISTANBUL, Türkiye, Nov. 24, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its third quarter 2023 results on December 5, 2023. Hepsiburada also announces today the incorporation of Hepsiburada Global B.V. Hepsiburada to Announce its Third Quarter 2023 Results on December 5, 2023 Hepsiburada will report its unaudited financial results for the third quarter ending September 30, 2023 before the U.S. market opens on Tuesday, December 5, 2023. Conference Call and Webcast Details Hepsiburada's management will host an analyst and investor conference call and live webcast to discuss
ISTANBUL,Türkiye, Aug. 10, 2023 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a "Hepsiburada") (NASDAQ:HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the second quarter ending June 30, 2023 before the U.S. market opens on Thursday, August 24, 2023. Conference Call and Webcast DetailsHepsiburada's management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.00 a.m. New York time on Thursday, August 24, 2023. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada230824.html. A replay will be available on the Heps