Welcome to our dedicated page for D-Market Electronic Services & Trading American Depositary Shares news (Ticker: HEPS), a resource for investors and traders seeking the latest updates and insights on D-Market Electronic Services & Trading American Depositary Shares stock.
D-Market Electronic Services & Trading American Depositary Shares (symbol: HEPS), operating under the trade name Hepsiburada, is the largest and fastest-growing e-commerce platform in Turkey and the surrounding region. Established in 2000, Hepsiburada has become a pioneer in the online retail space, offering a comprehensive platform that connects over 63 million members with approximately 230 million stock keeping units across more than 30 product categories.
Hepsiburada operates a hybrid model combining first-party direct sales (1P model) and a third-party marketplace (3P model), collaborating with over 101 thousand merchants. The platform provides an extensive range of products, including mobile phones, cosmetics, FMCG, and fashion items. With over 17 million monthly visitors, Hepsiburada stands as the most visited e-commerce platform in Turkey.
In mid-2015, Hepsiburada launched its marketplace platform, integrating major merchant brands to enhance service and competitive differentiation. The company has demonstrated impressive financial growth, increasing its revenues more than 25-fold over the last decade while maintaining profitability. Hepsiburada also places a strong emphasis on customer experience by offering value-added services such as last-mile delivery, fulfillment services, advertising services, and on-demand grocery delivery through its payment solution, Hepsipay.
Hepsiburada's commitment to social responsibility is evident through its 'Technology Empowerment for Women Entrepreneurs' program launched in 2017, which has supported over 50.5 thousand female entrepreneurs across Turkey. This initiative underscores the company's dedication to leveraging digital capabilities to empower women and drive economic growth.
Recent developments include the appointment of Hakan Karadoğan as the Chief Executive Officer of Logistics, effective March 25, 2024. Karadoğan, with nearly three decades of experience, aims to scale Hepsiburada's logistics operations, enhancing warehousing, fulfillment, and last-mile delivery services. Additionally, the company announced its nine-month results for the 'Trade and Technology Empowerment for the Earthquake Region' program, initiated in March 2023 and expected to last for two years.
For more detailed information, including financial statements and recent updates, investors can access Hepsiburada's filings on the SEC's website or the company's investor relations website.
Hepsiburada (NASDAQ: HEPS), a leading Turkish e-commerce platform, has launched a new contemporary art category named SanatBurada on September 21, 2022. This platform will connect customers with galleries and artists, allowing for the online listing and purchase of art, thus democratizing access to art in Türkiye. The launch features 157 artworks from 27 emerging artists, curated by Mehmet Sinan Kuran. SanatBurada aims to promote young artists while enhancing customer engagement through innovative features like 3D display and augmented reality.
D-MARKET Electronic Services & Trading, operating as Hepsiburada (NASDAQ: HEPS), will release its second quarter financial results for the period ending June 30, 2022, before the U.S. market opens on September 28, 2022. The company will host a conference call and live webcast for analysts and investors on the same day at 16:00 Istanbul time. Hepsiburada is a prominent Turkish e-commerce platform providing a range of services including same-day grocery delivery and an embedded digital wallet, Hepsipay, connecting 44.2 million members with 82.9 thousand Active Merchants.
Hepsiburada has launched its innovative Hepsiburada Smart store in Istanbul, utilizing artificial intelligence and digital sensors for a seamless shopping experience. Supported by approximately 2.2 million euros from the European Commission under Horizon 2020, this pick and go concept enables customers to select products without traditional checkout processes. The technology allows for lower operational costs compared to global competitors. The store is set to open in January 2023.
D-MARKET Electronic Services & Trading, operating as Hepsiburada (NASDAQ: HEPS), announced on August 17, 2022 that it has regained compliance with Nasdaq's minimum bid price requirement of US$1.00 per share. The company's American depositary shares achieved this closing bid price for ten consecutive business days. Nasdaq confirmed that this compliance issue is now resolved. Hepsiburada, a leading Turkish e-commerce platform, serves 44.2 million members and 82.9 thousand active merchants, offering a variety of products and services, including same-day grocery delivery.
HepsiJet has introduced a new 'Multi-Vehicle Route Optimization' technology, registered by TURKPATENT, aimed at enhancing delivery efficiency for Hepsiburada, a leading Turkish e-commerce platform. This innovative system significantly improves cargo routing, enabling faster deliveries across Türkiye. Users can manage their orders through mobile and web apps, with shipments prioritized based on vehicle types and destination limits. The optimization process, inspired by ant colonies, ensures effective routes and minimizes delivery times.
Hepsiburada (NASDAQ: HEPS), a prominent Turkish e-commerce platform, has signed the United Nations Women's Empowerment Principles, aiming to enhance gender equality in various sectors. CEO Murat Emirdağ emphasized the company's dedication to sustainability and social responsibility. The firm launched the Technology Empowerment for Women Entrepreneurs Program in 2017, helping over 32,000 female entrepreneurs with essential resources. Hepsiburada connects 44.2 million members and 82,900 Active Merchants, providing a wide range of services including grocery delivery and digital payments.
On July 22, 2022, Hepsiburada (NASDAQ: HEPS) received a notice from Nasdaq indicating that its American depositary shares (ADSs) have fallen below the minimum bid price requirement of US$1.00 per share for continued listing. This notification is not an imminent delisting notice and does not affect trading currently. The company has until January 18, 2023, to regain compliance by achieving a bid price of US$1.00 or above for at least 10 consecutive business days. Hepsiburada's operations remain unaffected as it considers measures to meet this requirement.
Hepsiburada (NASDAQ: HEPS) announced the appointment of Nilhan Onal as CEO, effective January 1, 2023, succeeding Murat Emirdag, who will transition to a non-executive board role. Onal brings 25 years of experience, including prior roles at Amazon Europe and Procter & Gamble. Emirdag led Hepsiburada since February 2019, achieving significant growth and developing integrated technology ecosystems. Founder Hanzade Dogan expressed gratitude for Emirdag's leadership and optimism for Onal's impact on the company's future.
Hepsiburada has launched Hepsiburada Premium, the first monthly subscription service in Turkey's e-commerce sector, offering numerous benefits. Subscribers enjoy free delivery on orders over 25₺, 3% cashback through HepsiPay, free assembly for furniture and tires, and a complimentary BluTV subscription. They also receive special brand offers and expedited customer support. This introduction aligns with Hepsiburada's goal to enhance customer experience while positioning itself as a leader in digital commerce in Turkey.
Hepsiburada (NASDAQ: HEPS) has updated shareholders on significant amendments to Turkey's E-commerce Law, approved by the Turkish Parliament on July 1, 2022. The changes aim to create a fairer e-commerce environment by limiting marketing expenditures and banning private label products, effective January 1, 2024. Additionally, businesses exceeding certain transaction values must obtain a license and pay fees based on their net transaction value, starting January 1, 2025. Hepsiburada anticipates these amendments will promote a healthier market and does not foresee limitations on its strategic operations.
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