Connect with us

Hi, what are you looking for?

HEADLINES

YiLinker invests $6M to open biz in Phl

Eyeing to make a dent in the Southeast Asian market, YiLinker – an e-commerce platform founded by Singapore-based YiLinker Investment Pte Ltd – infused $6 million to conduct business in the Philippines.

Eyeing to make a dent in the Southeast Asian market, YiLinker – an e-commerce platform founded by Singapore-based YiLinker Investment Pte Ltd – infused $6 million to conduct business in the Philippines.

YiLinker

According to Nelson Liao, CEO of YiLinker Philippines, YiLinker decided to invest in the Philippines because of its progress in e-commerce.

“From 2013 to 2015, the growth in local online transactions is almost 100% every year. Based on this, we can see the Philippines to become a better market for e-commerce like China and other developed countries,” Liao said.

In 2014, 40% of over 100 million Filipinos were Internet users, while 90% of online population have social media accounts. He also said that an average Filipino Internet user spends about 53 hours per week on social media, and has an average of 660 friends in social media.

Advertisement. Scroll to continue reading.

“We have knowledge about the lifestyle of Filipinos, what they want and what their habits are. We want to turn these habits into business opportunities,” said Liao.

With YiLinker’s entry into the Philippines, “we aim to revolutionize the local e-commerce industry with the YiLinker model where online is better than offline. We have an affiliate program where stakeholders can set up online stores and offer merchandise without spending a single centavo, no need to hire people, but have the chance to earn,” said Liao.

The company is targeting the A, B, and upper C market.

According to Nelson Liao, CEO of YiLinker Philippines, YiLinker decided to invest in the Philippines because of its progress in e-commerce.  “From 2013 to 2015, the growth in local online transactions is almost 100% every year. Based on this, we can see the Philippines to become a better market for e-commerce like China and other developed countries,” Liao said.

According to Nelson Liao, CEO of YiLinker Philippines, YiLinker decided to invest in the Philippines because of its progress in e-commerce. “From 2013 to 2015, the growth in local online transactions is almost 100% every year. Based on this, we can see the Philippines to become a better market for e-commerce like China and other developed countries,” Liao said.

YiLinker Philippines is now offering a business opportunity for those who want to venture into e-commerce without investing money in capital and manpower. All business owners have to do is sign up as an affiliate of YiLinker.

To become a YiLinker affiliate, one must sign up for an account; scan and upload requirements such as valid ID, TIN ID, DTI, SEC and BIR certifications and photo; wait to be accredited; and attend trainings.

Through the affiliate program, YiLinker partners with affiliates who select their desired products and promote them to various social media platforms while it provides end-to-end services – from fulfillment to payment collection to after-sales service like concerns on returns, replacements, and refunds.

Advertisement. Scroll to continue reading.

YiLinker also provides marketing support including promotions and strategies, product pricing and training.

An affiliate can earn up to 60% commission on net profit of each transaction with YiLinker.

The company has five warehouses, located in Muntinlupa City (main warehouse), Mandaluyong City, Quezon City, Pasay City, and Caloocan City.

Yibo

Yibo

Advertisement
Advertisement
Advertisement

Like Us On Facebook

You May Also Like

Biz Solutions

Two billion people made an online purchase in 2020; online retail sales reached 4.2 trillion worldwide in the same year. E-commerce isn't something any...

HEADLINES

Lazada invites shoppers on a personalized journey through Time Machine, an in-app feature celebrating special moments that added to consumers’ lives across the years.

HEADLINES

Konstruk, a Philippine-based e-commerce and the first e-hardware ng bayan, launched its online platform—making online transactions for home improvement and construction supplies a seamless...

HEADLINES

Martin Yu, director at Shopee Philippines, said that according to a Google report, the Philippines emerged as one of the  fastest growing markets for...

HEADLINES

Martin Yu, Shopee Philippines director, said the growth of e-commerce was evident at Shopee as “we saw more people and businesses joined the platform...

HEADLINES

In the Philippines, more people opt to use cashless payment methods for its convenience, safety, and benefits, recording a 133% growth in consumers who...

HEADLINES

Safety and convenience triggered more users in APAC to embrace financial technologies. More than half of the survey pollees noted that they started using...

HEADLINES

In response to this, e-commerce platform Lazada is looking for new ways consumers will enjoy both online and offline, aside from offering promotions and...

Advertisement