Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million
Retail TouchPoints
FEBRUARY 13, 2024
After years of decline, ContextLogic has sold its discount shopping app Wish for approximately $173 million in cash to Qoo10 , an ecommerce platform that operates localized online marketplaces throughout Asia. In 2018 its Japanese marketplace was spun off and sold to Ebay , which had previously been an investor in Qoo10 parent company Giosis.
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