Wish is the world’s most downloaded shopping app that has been subject to many rumours in the past of being acquired by Amazon, e-Bay etc. If you haven’t heard about them yet, then this post is for you.
To keep it simple, Wish is like many other e-commerce platforms out there and facilitates transactions between buyers and sellers by allowing sellers to list their products on Wish and sell directly to customers.
The company is managed by former employees of many big name tech companies like Google, Facebook and Yahoo.
So why is Wish so special? Just have a look at their numbers: -
Its revenue sources are: -
- Core marketplace: Commission on the products being sold on the platform.
- Product Boost: Merchants are able to increase the visibility of their products by paying Wish a subscription fees (think of Tinder Boost).
- Logistics: Providing logistical support to merchants to ensure timely deliveries.
Total revenue in Q1 2021 - 772 million; 75% yoy growth.
The company has immense opportunities ahead: Social media influencers promoting the platform and pushing for growth, covid 19 easing across the world making logistics more manageable, adding new product categories and higher value products as needed by customers, increased spending domestically in US due to monetary easing and stimulus and much more.
What do you think about this stock and its future?