Great Deals logs record P1.36-B revenue in June

Philippines’ largest e-commerce enabler Great Deals E-Commerce Corp. announced record-breaking revenues for June this year, surpassing its typical holiday season peak on the back of rapidly expanding customer base.

- By CHINO S. LEYCO

Steve Sy, Great Deals founder and chief executive officer, said on Friday, Aug. 15, that the company recorded P1.36 billion in revenues for June, beating its previous peak of P1.2 billion during the typically strong holiday months of November and December last year.

Sy attributed the recent surge to the exponential rise of TikTok Shop, along with their expanding customer base, which grew to 5.7 million shoppers in the first six months of this year from approximately three million a year earlier.

An e-commerce enabler is a company that provides a full suite of services to help other businesses, particularly brands and manufacturers, set up, run, and grow their online retail operations.

Great Deals’ clients include major global names such as Procter & Gamble, L’Oréal, Unilever, Nestlé, San Miguel Foods, among others.