ContextLogic has announced an agreement to sell a significant portion of its operating assets and liabilities, including its eCommerce platform Wish, to Qoo10, an eCommerce platform operating in Asia. The transaction is valued at approximately $173 million in cash, ContextLogic said in a Monday (Feb....
The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition and a challenging business environment for the decline. According to the company’s earnings call with analysts, it closed out Q2...
The European Union spans 27 countries and nearly 447 million people – which, to put it mildly, implies a significant number of payments. To that end, ContextLogic B.V., which operates as a Dutch subsidiary of ContextLogic Inc., and does business as the eCommerce platform Wish,...
Global eCommerce marketplace Wish is expanding into payments processing. Contextlogic B.V. (CLBV), a subsidiary of ContextLogic Inc., the owner of Wish, has been awarded a European payment services license by the Dutch Central Bank (DNB), according to a Tuesday (July 6) press release. Wish will...
February 12, 2024
ContextLogic has announced an agreement to sell a significant portion of its operating assets and liabilities, including its eCommerce platform Wish, to Qoo10, an eCommerce platform operating in Asia. The transaction is valued at approximately $173 million in cash, ContextLogic said in a Monday (Feb. 12) press release. Following the completion of the transaction, ContextLogic […]
August 03, 2023
The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition and a challenging business environment...
July 06, 2021
Global eCommerce marketplace Wish is expanding into payments processing. Contextlogic B.V. (CLBV), a subsidiary of ContextLogic Inc., the owner of Wish, has been awarded a European payment services license by...
