Bargains Made Fun,
Discovery Made Easy
Corporate Profile
Founded in 2010 and headquartered in San Francisco, Wish is one of the largest global ecommerce platforms, connecting millions of value-conscious consumers to more than half a million merchants around the world. Wish combines technology and data science capabilities and an innovative discovery-based mobile shopping experience to create a highly-visual, entertaining, and personalized shopping experience for its users.
Investment Highlights
Large e-commerce market opportunity
- The global e-commerce market
o Forecast to grow at a CAGR of 10.6% from 2021 to 2025
o Estimated at ~$7.4 trillion by 2025, accounting for ~24% of total retail sales
Uniqueness of the Wish marketplace
- Vision: Unlock ecommerce for the underserved
- We want to be known for:
o Affordable/deals/value
o Inspiration & discovery
o The destination for “home and life” - Machine learning capabilities and fun/delightful experience
- Global logistics network and cross-border e-commerce strength
Management’s e-commerce strength
- New C-suite leadership team with strong e-commerce experience
Turnaround greenshoots
- MAU and order volume: First sequential quarterly growth since Q1'21
- On-time delivery rate: ~92% in Q3’22 vs. 80% in Q3’21
- TTD, refund rates and customer order cancellations: Significant improvement year-to-Q3’22
- Merchant and customer NPS: Steady improvement y/y
Strong balance sheet
- Solid cash balance of $837M with no long-term debt as of Q3’22
News Releases
$2.99 flat rate fee to be applied to all eligible orders over $10, at no additional cost to merchants SAN FRANCISCO, Feb. 01, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, today announced the phased rollout of a new...
Conference Call to be Webcast Live at 5 PM ET / 2 PM PT SAN FRANCISCO, Jan. 26, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, today announced it will report its fourth quarter and full year 2022 financial results after...
SAN FRANCISCO, Jan. 17, 2023 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a/ Wish) (NASDAQ: WISH), one of the world’s largest mobile ecommerce platforms, today announced its partnership with two Auctane brands: ShipStation , the world’s leading cloud-based ecommerce shipping solution, and...
