At the end of last year, Filipinos spent about $1 billion dollars shopping for goods and services online. That’s but a drop in the bucket, compared to our Southeast Asian neighbors. It also is a tiny fraction of the projected growth in e-commerce in the Philippines in the next five to six years, which is seen to grow tenfold and explode to $9 to 10 billion!
And before you click “add to cart” why not consider how you can be part of the exponential growth—not as a buyer, but by becoming a seller?
Shopee, an online marketplace, which has been in the Philippines for just three years, has already over 300,000 active sellers as of September 2018. It is also the number one app on IOS and Android with more than 21 million mobile downloads.
In keeping with the youthful energy that’s driving the platform, Shopee Philippines is headed by a millennial. Martin Yu, 34, recently got promoted from heading business intelligence to become associate director at Shopee Philippines. He is responsible for data analytics, strategic planning, and budgeting. Prior to joining Shopee, he held various roles in Credit Suisse in both Singapore and London, most recently as a Vice President, Fixed Income Strategist in Singapore. He is a Magna Cum Laude graduate with a dual degree in economics and applied science from the University of Pennsylvania.