The Philippines leading online marketplace OLX.Ph or the former Sulit.com.ph merges with its fierciest competitor, AyosDito.ph. The merger will take effect starting on January 22, 2015, all users of AyosDito will be redirected to OLX.
According to RJ David, managing director of OLX Philippines, “AyosDito and OLX share a common goal in providing the best platform for Filipinos wanting to improve their lives through online buying and selling,” he stated.
The merger of OLX and AyosDito is a big step for the company towards that goal, RJ David added. Meanwhile according to Jon Santico, general manager of AyosDito.ph, noted that Filipinos will get the shared expertise of OLX and AyosDito.
According to the management of both OLX and AyosDito, their intention is to increase the number of successful transactions and get more Filipinos to realize the benefits of online buy and sell.
Ther merger of OLX and AyosDito is part of a global deal between Naspers and 701Search the two companies behind OLX.ph and AyosDito, to establish joint ventures and align operations in Latin America and Asia for the development of teir online classifieds platforms in key markets.