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

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Wish Series H funding
11,200,000,000
August 2019
1 Result
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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
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.
Christine Hall
November 20, 2020
Crunchbase News
Wish revealed in its IPO filing that it is quite cash wealthy, with about $1.1 billion in cash, cash equivalents and marketable securities.
Alex Wilhelm
November 20, 2020
TechCrunch
This morning Wish, a well-known mobile ecommerce startup, filed to go public. It joins Affirm, Airbnb, and Roblox in filing this week as many well-known and valuable private companies look to debut before the year ends and the holidays start. Wish's S-1 (which is filed under its corporate name ContextLogic) is of particular interest given [...]
World Innovation Summit for Health
November 9, 2020
www.prnewswire.com:443
/PRNewswire/ -- Der Weltgipfel der Innovationen für die Gesundheit (World Innovation Summit for Health, WISH) öffnet am 15. November 2020 wieder seine Türen -...
World Innovation Summit for Health
November 9, 2020
www.prnewswire.com:443
/PRNewswire/ -- Le Sommet mondial de l'innovation pour la santé (WISH) revient le 15 novembre 2020, offrant une gamme impressionnante d'intervenants, de...
World Innovation Summit for Health
November 9, 2020
www.prnewswire.com:443
/PRNewswire/ -- La World Innovation Summit for Health (WISH) vuelve el 15 de noviembre de 2020, ofreciendo un impresionante rango de ponentes, oportunidades de...
World Innovation Summit for Health
November 9, 2020
www.prnewswire.com:443
/PRNewswire/ -- A cúpula World Innovation Summit for Health (WISH) retorna em 15 de novembro de 2020, oferecendo uma gama impressionante de palestrantes,...
World Innovation Summit for Health
November 9, 2020
www.prnewswire.com:443
/PRNewswire/ -- La Cumbre Mundial para la Innovación en Salud (WISH) vuelve este 15 de noviembre de 2020 con una oferta impresionante de ponentes,...
Alex Wilhelm
September 2, 2020
TechCrunch
Last Monday will go down in the books as a historic day for unicorn liquidity, as company after company dropped their IPO filings onto the internet for the world to read. It was great. But this week is still managing a good grip of IPO news, with Wish announcing yesterday that it has filed privately [...]
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References

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