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Wish (company)

Wish (company)

Wish (formerly ContextLogic) is a company providing an e-commerce platform that allows users to shop for discounted products and have them delivered to their homes. It was founded in 2011 and is located in San Francisco, California.

Wish is a San Francisco-based e-commerce company that has a platform where users can shop for common goods at largely discounted prices. It was founded by Pete Szulczewski and Danny Zhang and has raised more than $1.6 billion over the course of nine funding rounds.

Product

The platform is accessible via web browser or mobile application for Android or iOS systems. Users can scroll through hundreds of items, such as shoes, jewelry, smart watches, clothing, and cosmetics. A lot of the products are unique and the algorithm for the advertisements is intended to intrigue users into using the platform.

Many of the products are produced and shipped from China and can take a few weeks to arrive at the user's home. On the platform, users can see a search engine to enter items for which they are specifically looking, scroll through goods that are popular on the platform, view express items, and their own history of shopping on Wish. Users can also make a wishlist so they can save items they like and buy them at a later time.

Timeline

August 1, 2019
Wish raises $300 million Series H round led by General Atlantic.
August 2019
Wish raises a $11,200,000,000 series H round from General Atlantic.
2018
Wish is the most downloaded shopping application

In 2018, Wish was the most downloaded shopping application worldwide.

Funding rounds

People

Name
Role
LinkedIn

Danny Zhang

Co-Founder

Peter Szulczewski

Co-Founder

Further reading

Title
Author
Link
Type
Date

Meet The Billionaire Who Defied Amazon And Built Wish, The World's Most-Downloaded E-Commerce App

Parmy Olson

Web

March 13, 2019

Documentaries, videos and podcasts

Title
Date
Link

Peter Szulczewski, CEO of e-commerce app Wish, raised $1 billion in two years

December 7, 2016

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
CedCommerce
June 15, 2021
www.prnewswire.com:443
/PRNewswire/ -- Consacrée à fournir des solutions de commerce électronique pratiques et simples afin d'aider les entreprises à prendre de l'expansion, à être...
AAK AB
June 10, 2021
www.prnewswire.com:443
/PRNewswire/ -- AAK has joined forces with global confectionery, food, and pet care company Mars, several leading NGOs, and an impact investment fund to create...
Rosen Law Firm, P.A.
May 29, 2021
www.prnewswire.com:443
/PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of ContextLogic Inc. (NASDAQ: WISH) who: (1)...
Rosen Law Firm, P.A.
May 20, 2021
www.prnewswire.com:443
/PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the...
Bernstein Liebhard LLP
May 18, 2021
www.prnewswire.com:443
/PRNewswire/ -- Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf...
Abigail Abesamis Demarest
April 15, 2021
Business Insider
You can contact Wish customer service by phone or email, or through the Wish app, to fix problems with an order or your account.
March 12, 2021
WebWire
Mars, Incorporated, together with the U.S. Agency for International Development (USAID/Ghana), the Livelihoods Funds and strategic partners AAK and Presbyterian Agriculture Services NGO are announcing the launch of a 10-year program in Northern Ghana to build a sustainable shea supply chain and improve the livelihoods of 13,000 women farmers. The Women in Shea Initiative (WISH) is bringing together a coalition of actors committed at every step of the value chain to build a sustainable sou...
Teacher Wish Lists
March 2, 2021
www.prnewswire.com:443
/PRNewswire/ -- Teacher Wish Lists® (TeacherWishLists.com), an ad-free, no-fee wish list management tool for teachers and educators nationwide, has been...
Will Daniel
January 11, 2021
markets.businessinsider.com
Deutsche Bank analysts are bullish on Wish, assigning a $26 price target. Strong sales from micro and small businesses are set to help grow sales.
Connie Loizos
December 19, 2020
TechCrunch
It's probably no wonder that when Founders Fund was still a very young venture firm 13 years ago, it brought aboard as its first principal Justin Fishner-Wolfson. Having nabbed two computer science degrees from Stanford and spent two years as CEO of an organization that provides asset management services to the school's student organizations, Fishner-Wolfson [...]
By JOSEPH PISANI
December 16, 2020
AP NEWS
NEW YORK (AP) -- The parent company of Wish, a shopping app that sells cheap clothing, toys and electronics, sputtered in its stock market debut. Shares of ContextLogic Inc. fell 16.5% to...
JOSEPH PISANI AP Retail Writer
December 16, 2020
ABC News
The parent company of Wish, a shopping app that sells cheap clothing, toys and electronics, has sputtered in its stock market debut
Candy Cheng
December 16, 2020
Business Insider
GGV Capital managing partner Hans Tung is one of Silicon Valley's top investors. Tung first met Wish CEO Peter Szulczewski in 2013.
Melia Russell
December 16, 2020
Business Insider
In 2011, Wish cofounder Danny Zhang was working at YellowPages.com when an old college friend, Peter Szulczewski, invited him to build something new.
Matthew Fox
December 16, 2020
markets.businessinsider.com
Wish's decline in its debut trades represented a marked shift from the eye-popping surges of last week's IPOs from Airbnb and DoorDash.
Alex Wilhelm
December 16, 2020
TechCrunch
If the pattern of more relaxed debuts continues, this could be its start.
Matthew Fox and Tyler Sonnemaker
December 15, 2020
Business Insider
Wish was founded by former Google engineer Piotr Szulczewski in 2010 and recorded $1.9 billion in revenue last year.
Connie Loizos
December 8, 2020
TechCrunch
Most people know Wish as a site that sells throwaway doodads from China, but in anticipation of its impending IPO, the ten-year-old, San Francisco-based company has begun portraying itself as a kind of Amazon for the rest of us. Judging by what we've read and heard from sources in recent months, Wish wants to paint [...]
Romain Dillet
November 30, 2020
TechCrunch
A French administration in charge of consumer rights and fraud has investigated on Wish, the mobile e-commerce platform that recently filed to go public. While the company generated $1.9 billion in revenue in 2019, the French administration believes Wish could be selling products, such as sneakers and perfumes, with images incorrectly showing the logos of [...]
Kate Duffy
November 23, 2020
Business Insider
Wish is seeking a valuation of between $25 billion and $30 billion on the public market, people with knowledge of the matter told the Financial Times.
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References

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