Two of the Philippines’ biggest online shopping sites have sent waves to the eCommerce scene when OLX.PH and AyosDito.ph announced that they agreed to join forces.
Both entities will merge under the OLX brand.
In AyosDito’s statement released on their website, it said that the joint venture aims “to give ONE BIG WEBSITE for online buyers and sellers in the Philippines! This way, more Filipinos can get successful online classifieds experience with ease and convenience.”
“We have one common goal in mind: to help Filipinos improve their lives through online buying and selling. Merging the two strong websites can help more buyers and sellers enjoy a successful online classifieds experience,” it added.
AyosDito also explained how beneficial the merge is for online user, “With AYOSDITO.PH joining OLX.PH, Filipinos get one strong online classifieds website. This will make it faster and easier for sellers to turn items into cash, and for buyers to find the best deal for items they want,” it said.
The statement further revealed that effective January 22, 2015 all AyosDito users will be redirected to OLX.
Meanwhile, Brad Porteus, OLX CEO of Southeast Asia, said that OLX will take full charge in the Philippines.
“The intentions are that [701Search’s] Ayosdito.ph will [cease] operations upon close of the deal, and the Ayosdito site, apps, and users will be redirected to OLX.ph upon [finalization] of the global deal,” says Porteus.
He also explained that three more countries will be affected with the merge including Indonesia, Thailand and Bangladesh.
Changes of operations under OLX’s brand will take effect after they receive approval from the European Commission and complete the transaction. Both parties hope to finalize the deal by January 2015.