Wish is an American online e-commerce platform for transactions between sellers and buyers. Wish was founded in 2010 by Piotr Szulczewski (former CEO) and Danny Zhang (former CTO).
Wish is operated by ContextLogic Inc. in San Francisco, United States. The platform personalizes the shopping experience visually for each customer, rather than relying only on a search bar format. It allows sellers to list their products on Wish and sell directly to consumers. Wish works with payment service providers to handle payments and does not stock the products themselves or manage returns.
History
Wish was started by Piotr Szulczewski, a former Google engineer, as a software company called ContextLogic. In September 2010, ContextLogic received $1.7 million in investments and involved Yelp CEO Jeremy Stoppelman.
In May 2011, Szulczewski invited college friend Danny Zhang to relaunch the company as Wish. It was created as an application that allowed shoppers to create wish lists of their favorite products before matching them with merchants. They also earned revenue with a Pay-per-click model by advertising on Facebook.
In 2013, Szulczewski met with Hans Tung, an investor with GGV Capital in Menlo Park, California, and noted that a large number of sales were coming from Florida, Texas and the Midwest rather than New York or California. Wish became an e-commerce site after asking merchants to host their products directly on the Wish application, with Wish taking a portion of each sale.
The Wish marketplace is accessed by the Wish.com website or by a mobile application that is available for iOS and Android.
In 2017, Wish was the most downloaded e-commerce application in the United States. It signed a multi-year partnership with the NBA’s Los Angeles Lakers. Wish conducted a World Cup campaign in 2018, that featured Neymar, Paul Pogba, Tim Howard, Gareth Bale, Robin van Persie, Claudio Bravo and Gianluigi Buffon.
In 2018, Wish was the most-downloaded e-commerce application worldwide and the company doubled its revenue to $1.9 billion.
As of 2019, Wish was the third-biggest e-commerce marketplace in the United States by sales. In August 2019, ContextLogic received a Series H funding round, led by equity firm General Atlantic, taking the company’s valuation to $11.2 billion.JD.com is an investor in Wish. ContextLogic went public via an IPO in 2020.
In France in November 2021, the Wish e-commerce system, including the website and smartphone applications, were delisted from Google’s search results and from Google’s French app store, after French authorities claimed that many items sold on the platform do not comply with European regulations. The same authorities also accused the platform of selling counterfeit items In January 2022, Wish appointed Vijay Talwar as the new CEO.
Services
More than 1 million merchants list their products on Wish’s platform to sell directly to consumers. The bulk of the merchandise available through the app in the United States comes from China and other non-U.S. distributors. The products are usually smaller items that are cheaper to ship, aided by an agreement between China Post and the U.S. Postal Service that lowers costs of shipping for goods weighing less than 2 kg. Wish offers express shipping in 5 days, or 6–8 days in some cases, as well as standard shipping that takes 2–3 weeks, for customers who prioritize savings over speed of delivery.
Wish’s “Wheel of Fortune”-style game, Blitz Buy, integrates a layer of gamification to offer consumers additional discounts on top-selling items.
Criticism
Wish has been criticized for listing poor quality or counterfeit goods, a common concern among major e-commerce sites which feature independent sellers.[22][23][24] Customers have complained about lack of communication from sellers and quality. In response to the criticism, Szulczewski hired an executive from Facebook to organize a community of about 10,000 Wish users to expose unsatisfactory dealers in exchange for free goods and discounts.
It is often possible to purchase items from Wish that are not legal in the purchaser’s country. In January 2020, a man from Nelson, Lancashire, United Kingdom, was sentenced to 11 months in prison for purchasing a stun gun using Wish.
| Type of business | E-commerce |
|---|
|
Type of site
|
Public |
|---|---|
| Available in | English and other languages |
| Founded | July 4, 2010 |
| Headquarters |
San Francisco
, U.S.
|
| Country of origin | United States |
| Area served | Worldwide |
| Founder(s) | Piotr Szulczewski Sheng Zhang |
| Key people | Vijay Talwar, CEO |
| Industry | Online shopping |
| Revenue |  $2.1 Billion |
| Employees | 1100 |
| Parent | ContextLogic Inc. (Nasdaq: WISH) |
| Subsidiaries | Wish Outlet Wish Express Wish Local for Partner Stores |
| URL | www |
| Advertising | Yes |
| Commercial | Yes |
| Registration | Required |
| Launched | May 2011 |
| Current status | Active |
Popular Wish Promo Codes & Sales
| Discount | Description | Expires |
|---|---|---|
| 5% OFF | 5% Off Your Order | – |
| UP TO 40% OFF | Up to 40% Off Hobbies | – |
| 10% OFF | RetailMeNot Exclusive! Extra 10% Off Sitewide | – |
| 10% OFF | 10% Off Your Order | 01/01/23 |
| $5 OFF | $5 Off Your Purchase of $10 | – |
How do I use a promo code on Wish.com?
To use a promo code on Wish.com, navigate to your cart once you’ve added your desired items. The Order Summary box can be found on the right-hand side of the page. At the top of the Order Summary box, you’ll see “+Apply a Coupon” in blue. Once you click this, you’ll be able to paste your promo code into the text box and apply it to your order.
How do I sign up for rewards with Wish?
Once you’ve signed up for an account with Wish, you can begin collecting rewards. You can earn rewards points by making purchases, writing reviews and uploading photos with reviews. Points can be redeemed for discounts on purchases.
What is Wish’s shipping policy?
Due to Wish’s merchant-to-buyer nature, each item may have its own delivery date depending on the shipping method available. An estimated delivery date will be shown for each item listed. Each item’s maximum delivery date is backed by a Money Back Guarantee.
What savings can I find in the Wish app?
The Wish app features Blitz Buy, a daily wheel spinning game that gives you access to extra discounted products.
What is Wish’s return policy?
Wish is happy to offer a refund for items that are damaged, defective or incorrect. Orders qualify for a refund within 30 days of delivery. If the item never arrives, a refund is eligible within 30 days of the maximum delivery date. To initiate a return, contact customer support and they’ll walk you through the return process.
