Wish (app)
Wish (app)
Private | |
Industry | Mobile applications |
Founded | November 11, 2011 |
Founders | Peter Szulczewski, Danny Zhang |
Headquarters | San Francisco,United States |
Number of employees | 150 |
Parent | ContextLogic[1] |
Website | wish |
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]
Private | |
Industry | Mobile applications |
Founded | November 11, 2011 |
Founders | Peter Szulczewski, Danny Zhang |
Headquarters | San Francisco,United States |
Number of employees | 150 |
Parent | ContextLogic[1] |
Website | wish |
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.
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.