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
(Source: eMarketer, January 2022)

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