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Overview


       In 2007, the founder of YgliBay International come over China in-depth understanding of China’s market and investment environment, found that China is a developing country that with a huge potential and fast business development. However, part of the procurement of capital controls is not very good and widespread the application of traditional procurement strategy because of the process was not standardized other related issues. Besides, there are not only have a huge waste of business at the same time in a degree has hindered the development of social. So, with the control of capital expenditure, it reduce procurement costs of the ideal, Ygl iBay International is now began forging ahead in the vast land of innovation and strengthen the country's journey.

       In the early days of China, our company has a pragmatic faith and with a long-term business strategy. Ygl iBay International have its own prefect procurement of expert team’s (China) group to demonstrate and practice. After 10 months effort, not only for perfect (China) group successfully save the procurement of capital more than RMB 2,100 million. The average reduction of procurement cost 20%, at the same time also proof that the business method’s feasibility.

        In June 18, 2009, follow by the listing of Malaysia’s Ygl Group, it have been waiting for co-financing with other famous enterprises home and abroad. In Beijing, China established a commitment to provide professional solutions for international procurement of foreign enterprise’s investment — the founder of Ygl iBay International, Mr. Eng Ging Kiat as the first president.

        Since Ygl iBay International established, the position have been locate in areas of deep plowing on the procurement strategy. From the concept to market introduction of bidding procurement practice, the company now providing more comprehensive service to business and better meet the different needs of enterprises and institutions. The products starting from the initial procurement auction effects and now has been developed to the e-auction procurement platform, consulting and integrated product system of international trade, with lots of famous enterprises home and abroad to establish a long-term strategic partnership. Until now, all have been served by Ygl iBay International’s domestic and foreign companies had signed customer service that reduced the cost in the field of procurement, and significantly improved the department's purchasing power.

        Ygl iBay International was relying on thirsty demand, strong financial strength and resources, with the areas of professional procurement team’s effort and now is to form the company headquarters in Beijing, China , according to Zhong Shan (China), Malaysia, Hong Kong and Singapore branch for the inner. For the subordinate who related the businesses in the Asia-Pacific offices in other countries for the outer of the network structure. Furthermore, its business scope have been cover the Asia-Pacific region, at the same time Ygl iBay’s worker will always struggle, constantly expand the field of global sourcing operations. It is for you to expand global operations and also help us provide a strong support!


 
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