Welcome to our dedicated page for D-Market Electronic Services & Trading news (Ticker: HEPS), a resource for investors and traders seeking the latest updates and insights on D-Market Electronic Services & Trading stock.
D-Market Electronic Services & Trading (HEPS) operates Turkey's leading technology-driven e-commerce platform through its Hepsiburada brand. This news hub provides investors and market observers with essential updates about the company's marketplace operations, financial performance, and strategic initiatives.
Access official press releases and curated analysis covering earnings reports, partnership announcements, product launches, and operational developments. Our repository helps stakeholders track key milestones in cross-border expansion, technological innovations, and evolving consumer trends in digital commerce.
All content is organized chronologically showcase the company's progress in maintaining its position as a key player in Turkey's e-commerce sector. Bookmark this page for convenient access to critical updates that shape understanding of HEPS's market trajectory.
Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has scheduled the release of its fourth quarter and full year 2024 financial results for April 30, 2025, before the U.S. market opens.
The company's management will host an analyst and investor conference call and webcast to discuss the results at 16:00 Istanbul / 14:00 London / 9:00 a.m. New York time on the same day. The presentation materials will be available on the company's investor relations website.
Hepsiburada (NASDAQ: HEPS) announced that its subsidiary Hepsifinans has completed its third bond issuance worth TRY 100 million to domestic qualified investors on March 4, 2025. This issuance is part of the previously approved aggregate bond/bill issuance program of up to TRY 1.05 billion by the Capital Markets Board.
The bonds feature a six-month maturity with an interest rate of 43.00% per annum, with both principal and coupon payments due at maturity. The funds raised will be utilized to support the sustainable growth of Hepsifinans's consumer finance business.
Hepsiburada (NASDAQ: HEPS) has announced the results of its two-year 'Trade and Technology Empowerment for the Earthquake Region' program, which ran from March 2023 to March 2025. The program achieved significant milestones in supporting businesses affected by the earthquake:
Key achievements include:
- Approximately 10,400 active merchants in the earthquake region, including over 6,500 new businesses
- 13.5 million products sold through 9.1 million orders
- Total trade volume exceeding TRY 9.6 billion
- More than 4,100 women entrepreneurs generated approximately TRY 840 million in trade volume
- Around 5,000 SMEs and tradespeople received training at E-Commerce Specialization Centers in Adana, Hatay, and Kahramanmaraş
Hepsiburada (NASDAQ: HEPS) has announced its fourth issuance of asset-backed securities amounting to TRY 500 million, which settled on March 12, 2025. The issuance is part of a TRY 2 billion limit approved by the Capital Markets Board through Pasha Yatırım Bank Hepsiburada Varlık Finansmanı Fonu.
The issue is structured in five tranches with an average maturity of 70 days and an annual average interest rate of 42.75%. The company plans to use the funds to grow its Buy Now Pay Later (BNPL) business and reduce working capital impact.
This follows three previous issuances: TRY 150 million in June 2024, TRY 350 million in September 2024, and TRY 450 million in December 2024.
Hepsiburada (NASDAQ: HEPS) held an Extraordinary General Assembly Meeting (EGM) on January 31, 2025, resulting in significant corporate governance changes. Shareholders approved the election of nine Board members, reducing the total from eleven, with a two-year term until January 31, 2027. Mikheil Lomtadze was appointed as Chairman and Yuri Didenko as Vice Chairman.
The EGM approved amendments to the Company's Articles of Association, notably terminating Class A share privileges following their transfer to Kaspi. This included removing share class distinctions and associated voting privileges. The Board also restructured its committees, forming the Audit Committee, Early Detection of Risk Committee, and Corporate Governance Committee. Additionally, Güneş Akman Özcan was appointed as General Counsel and Corporate Secretary, effective January 1, 2025.
Hepsiburada (NASDAQ: HEPS) has announced the closing of a significant ownership change transaction on January 29, 2025. Joint Stock Company Kaspi.kz has acquired a controlling 65.41% stake in Hepsiburada from the company's founder and other affiliates for approximately $1.127 billion.
The transaction structure includes an immediate $600 million cash payment and a deferred payment of $526.9 million to be completed within six months of closing. As collateral for the deferred payment, Kaspi.kz has pledged 65,199,658 Class B shares of Hepsiburada. The deal transfers all outstanding Class A and Class B shares held by the selling group, making Kaspi.kz the new controlling shareholder of Hepsiburada.
Hepsiburada (NASDAQ: HEPS) and Vodafone Türkiye have announced a strategic collaboration to enhance customer experience in e-commerce and telecommunications. The partnership integrates a new 'Hepsiburada for Vodafone Users' platform into the Vodafone Yanımda app, which has over 16 million users.
Hepsiburada will manage end-to-end e-commerce operations, offering access to 280 million SKUs across 30+ product categories. Customers will receive rewards including free data, special discounts, and promotions. New Vodafone Red members will get a complimentary one-year Hepsiburada Premium membership, which includes free delivery, scheduled shipping, 3% cashback, 50% off furniture assembly, and a BluTV subscription.
Hepsiburada (NASDAQ: HEPS) has received all four required regulatory approvals for the previously announced sale of 65.4% of its outstanding shares to Joint Stock Company Kaspi.kz. The approvals came from the Turkish Competition Board, Banking Regulation and Supervision Agency, Information Technologies and Communications Authority, and Central Bank of the Republic of Türkiye.
The company has scheduled an Extraordinary General Assembly Meeting for January 31, 2025, at its Istanbul headquarters. The meeting agenda includes electing new Board of Directors members, amending several articles of the company's Articles of Association, and removing certain articles related to share transfers and share classes. Shareholders holding ADSs must exercise their voting rights through The Bank of New York Mellon.
Hepsiburada (NASDAQ: HEPS) announced changes to its Board of Directors. Mr. Hikmet Ersek, who served as an independent board member and member of the Corporate Governance Committee, will step down from his position effective December 27, 2024. The Board has appointed Mr. Tayfun Bayazıt, another independent board member, to replace Mr. Ersek on the Corporate Governance Committee.
Hepsiburada (NASDAQ: HEPS) reported the 21-month results of its 'Trade and Technology Empowerment for the Earthquake Region' program from March 2023 to December 2024. The program achieved a trade volume exceeding TRY 8.7 billion, with approximately 9,600 active merchants, including 5,700 new businesses. The number of new businesses grew by 22% in the last three months, while trade volume increased by 28%.
The initiative saw 12.1 million products sold through 8 million orders. Notable achievements include TRY 610 million in trade volume generated by over 4,000 women entrepreneurs and women's cooperatives. Additionally, more than 4,000 SMEs and tradespeople received training at E-Commerce Specialization Centers in Adana, Hatay, and Kahramanmaraş.
