eCommerce Strategy Consultant - Rick Watson - RMW Commerce Consulting

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ContextLogic to Sell Wish to Qoo10 For $173M

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.

Qoo10 is an eCommerce platform operating in Asia.

ContextLogic plans to sell Wish to Qoo10 for $173 million, monetizing $2.7 billion in net operating losses, and staying public under a new ticker. Is Wish a cautionary tale for Temu and Shein?

PYMNTS: ContextLogic to Sell Wish eCommerce Platform to Qoo10