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Wish (app)

Wish (app)

Wish (corporate name ContextLogic) is a mobile shopping platform set up to be a shopping mall in the user’s pocket. The site was originally built around people’s shopping wish lists. As the site’s popularity began to grow, they created a platform for merchants to sell their products with the lowest prices optimized in a feed. The Wish app has been cited as top 10 free app on Android and a top 15 free app on iOS with millions in its user base and billions of dollars in merchandise sold on the platform. Users of the app are able to get access to over 50 million products globally with around 50% of the company's sales coming from Europe. [2] [3] [4] [5]

Wish
Private
IndustryMobile applications
FoundedNovember 11, 2011
FoundersPeter Szulczewski, Danny Zhang
HeadquartersSan Francisco,United States
Number of employees
150
ParentContextLogic[1]
Websitewish.com

History

Co-founded by Peter Szulczewski [6] and business partner Danny Zhang [7] on November 11, 2011, they are headquartered in San Francisco. The company was originally meant as a mobile ad startup, but pivoted in 2013.

Starting out with only three employees they have grown to employ over 150, many of their employees are graduates of the University of Waterloo where co-founders Szulczewski and Zhang both received degrees. They have now opened offices in Shanghai (2014) and Toronto (2016). ContextLogic makes Wish, along with Geek.wish, Mama.wish, Home.wish and Cute.wish.

The app has over 200 million global users.

Szulczewski and Zhang took a virtually unaddressed market and capitalized on it, appealing to users who could forgo the next day shipping option offered by some online retailers for lower prices.

[8] [1]

Wish Express rolled out in 2016 that targeted a shorter shipping window for select products [9] with merchants agreeing to certain terms to be included in the program.

[10] This new service is designed to bring faster shipping to the platform and expand the current user base.

In 2015, Wish.com was the second most downloaded app on Black Friday. [11]

Among global investors who have backed ContextLogic, Temasek, a Singaporean sovereign wealth fund, is the most recent.

[2]

References

[1]
Citation Linken.wikipedia.orgThe original version of this page is from Wikipedia, you can edit the page right here on Everipedia.Text is available under the Creative Commons Attribution-ShareAlike License.Additional terms may apply.See everipedia.org/everipedia-termsfor further details.Images/media credited individually (click the icon for details).
Apr 17, 2017, 7:42 AM
[2]
Citation Linkbloomberg.com"ContextLogic Inc.: Private Company Information - Bloomberg"
Apr 17, 2017, 7:42 AM
[3]
Citation Linkfortune.com"E-Commerce Unicorn Wish Is Raising $500 Million"
Apr 17, 2017, 7:42 AM
[4]
Citation Linkrecode.net"Popular shopping app Wish is raising around $500 million in a new investment"
Apr 17, 2017, 7:42 AM
[5]
Citation Linkrecode.net"Here's why e-commerce app Wish raised $1 billion in two years"
Apr 17, 2017, 7:42 AM
[6]
Citation Linkrecode.net"China's JD.com Invested Around $50 Million in Shopping Startup Wish"
Apr 17, 2017, 7:42 AM
[7]
Citation Linkforbes.com"Peter Szulczewski"
Apr 17, 2017, 7:42 AM
[8]
Citation Linkcrunchbase.com"Danny Zhang - Chief Technology Officer & Co-Founder @ ContextLogic - crunchbase"
Apr 17, 2017, 7:42 AM
[9]
Citation Linksocial.techcrunch.com"ContextLogic Gets $1.7M From Rabois And Others To Better Target Ads, Content"
Apr 17, 2017, 7:42 AM
[10]
Citation Linkplay.google.com"Top Charts - Android Apps on Google Play"
Apr 17, 2017, 7:42 AM
[11]
Citation Linkmerchant.wish.com"Wish for Merchants"
Apr 17, 2017, 7:42 AM
[12]
Citation Linkdigitaltrends.com"Black Friday didn't just happen in stores — downloads surged online for shopping apps"
Apr 17, 2017, 7:42 AM
[13]
Citation Linkinfo.wealthfront.comhttps://info.wealthfront.com/rs/781-RJU-318/images/Wealthfront_2016_Career_Launching_Companies_List.pdf
Apr 17, 2017, 7:42 AM
[14]
Citation Linksocial.techcrunch.com"The hot e-commerce app Wish has "hundreds of millions of users" (plus other fascinating stats)"
Apr 17, 2017, 7:42 AM
[15]
Citation Linkcrunchbase.comWish on Crunchbase.
Apr 17, 2017, 8:16 AM