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.

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
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 [...]
Connie Loizos
September 1, 2020
TechCrunch
Wish, the San Francisco-based, 750-person e-commerce app that sells deeply discounted goods that you definitely don't need but might buy anyway when priced so low -- think pool floaties, guinea pig harnesses, Apple Watch knockoffs -- said yesterday that it has submitted a draft registration to the SEC for an IPO. Because it filed confidentially, [...]
James Clayton
July 25, 2020
BBC News
A BBC investigation finds white-supremacist books and merchandise for sale on top retail platforms.
Special to Financial Post
February 18, 2020
Financial Post
Wish has become a global powerhouse and a rival to Amazon.com Inc. by building an e-commerce platform for consumers who prioritize price over fast shipping and pretty packaging.Wish Website
Mary Hanbury
November 27, 2019
Business Insider
In one extreme case, a hairdryer bought on Wish set alight when a consumer-safety organization tested what would happen if it restricted the airflow.
Isobel Asher Hamilton
October 29, 2019
Business Insider
App analytics site App Annie released a report on Gen Z's app habits showing Zoomers spend 55% more time on non-gaming apps than previous generations.

References

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