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....
Mobile eCommerce platform Wish says it has launched an in-house Logistics-as-a-Service (LaaS) product. WishPost Smart Parcel is designed to offer a “seamless and efficient shipping solution to non-Wish merchants,” the company said in a news release Wednesday (Nov. 15). The program leverages Wish’s logistics network across first-mile, international line...
Mobile eCommerce platform Wish released its third quarter results on Tuesday (Nov. 7). The company reported total revenues of $60 million, a 52% decrease from the previous year, primarily due to lower ad spend, the company said in prepared remarks on Tuesday. Wish also noted...
Most grocery shopping continues to be done in physical stores, but eCommerce is slowly gaining share. By the Numbers According to data from the latest edition of the Digital Economy Payments study, “Digital Economy Payments: The Rise Of Mobile eCommerce,” for which PYMNTS surveyed more...
June 26, 2024
UC Santa Cruz researchers have devised a method to significantly reduce the energy costs of running large language models. It’s a development that could significantly impact the use of artificial intelligence (AI) in eCommerce. By slashing power consumption, their approach may make advanced AI capabilities more accessible and affordable for businesses of all sizes. “We […]
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 […]
November 15, 2023
Mobile eCommerce platform Wish says it has launched an in-house Logistics-as-a-Service (LaaS) product. WishPost Smart Parcel is designed to offer a “seamless and efficient shipping solution to non-Wish merchants,” the company said...
November 07, 2023
Mobile eCommerce platform Wish released its third quarter results on Tuesday (Nov. 7). The company reported total revenues of $60 million, a 52% decrease from the previous year, primarily due...
