On October 20, Wish's parent company ContextLogic submitted an IPO prospectus to the US Securities Commission, planning to be listed on the Nasdaq Stock Exchange under the stock code "WISH".
As early as 2019, Wish's founder Peter said that he would be preparing for an IPO within one to two years. It seems that this plan is already on the agenda.
It is reported that ContextLogic, the parent company of Wish, submitted an IPO prospectus to the US Securities Commission on October 20 and plans to be listed on the Nasdaq exchange under the stock code "WISH".
Wish is expected to raise more than 1 billion U.S. dollars and its market value will exceed 10 billion U.S. dollars. So far, Wish has raised a total of 1.6 billion US dollars, and investors include General Atlantic, Founders Fund and GGV Capital. According to the
prospectus, for the nine months ending September 30, 2020, Wish’s revenue was US$1.75 billion. Compared with the US$1.33 billion in the same period last year, increased by 32% .
Wish is very likely to be profitable in 2020.
It is reported that Wish lost US$247 million in 2017, US$208 million in 2018, and US$136 million in 2019. In the first nine months of 2020, the company lost $176 million. The founder of
also stated in 2019 that the current annual loss is 190 million US dollars. Of course, this is the situation last year.
Wish is the third largest shopping platform in the United States. The global download volume of during the March epidemic has exceeded Amazon , and has jumped to the top of the list. In June, the Wish platform sold more than 3 million products every day, with orders from 139 countries around the world. By July, its global downloads had jumped to second place.
Of course, Wish's market growth cannot be underestimated. Z12z's sales in the US market in the second quarter of this year increased by 75% from the first quarter, and 's sales in the UK, Canada and Italy also increased by about 50%.
Wish platform with strong Chinese elements
Wish platform status is similar to Pinduoduo in the Chinese market, mainly selling cheap and discounted small commodities, of which the number of orders for products below $10 accounted for the highest proportion, currently has monthly trading activities in the United States Up to 90 million. Z13z
94% of sellers on Wish platform are from China, is reported that Wish has always relied on Chinese supplies, and most of its products are imported from China to keep prices low. Its founder has repeatedly tried to get rid of the single-point dependence situation, but the effect is very small.
Wish has a deep connection with China. Its co-founder team is Chinese immigrants. Zhang Sheng from Guangzhou currently controls this tens of billions of dollars of platform. The e-commerce platform 京 Dong invested in the Wish platform in 2016, and seems to have inadvertently copied to the backyard of Pinduoduo. The listing of the
Wish seller channel
Wish is a big step for the platform, but the most important thing for the platform sellers is to do a good job in daily operations. In response to the recent seller feedback, the editor has organized it as follows:
Seller A: At the beginning of the peak season, the order volume plummeted...
seller B: A+ logistics time is too slow...
seller C: recently a lot of refunds...
seller D: this order How to live...
seller E: Hold on, after this summer it will be spring...
Recently, the timeliness of Wish A+ logistics has given the majority of sellers a headache. Many customers have initiated refunds due to the effectiveness of logistics. Some sellers reported that the orders of customers in June and July have not yet arrived at . The peak season of
has come, and orders are still not growing, making many sellers feel suspicious of life. For WishIn terms of future prospects, the resolution of these problems brooks no delay.
END
·
shall not be reproduced in any form without permission
