Wish Deepens Its Investment in Australia Through Partnership With Singapore Post
July 27 2023 - 9:00AM
ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s
largest mobile ecommerce platforms, today announced it has signed a
partnership agreement with Singapore Post Limited (SingPost) that
it expects will significantly improve the shipping experience for
its Australian consumers.
Customers can now expect their orders to arrive
in less than 2 weeks (vs 3 weeks previously), and will be able to
trace their package from the moment it leaves the warehouse to the
time it arrives on their doorstep.
The move is part of a broader push to improve
the customer experience for Australian shoppers.
“We are delighted to be expanding our network of
logistics partners to reduce delivery times for our Australian
users,” said Bill Zhang, VP of Global Logistics at Wish. “SingPost
is a world class logistics provider, so we look forward to
leveraging their expertise to streamline the delivery process and
optimize the experience for both our users and merchants.”
As part of the collaboration, SingPost’s
Australian subsidiary, CouriersPlease, will handle import clearance
and provide last mile delivery services.
“We are proud to become a strategic logistics
partner of Wish, bringing about seamless cross-border logistics
solutions and shipping services across the Asia Pacific region. By
mobilizing our network across Australia, we can significantly
improve Wish’s delivery times, and ensure a heightened level of
customer satisfaction,” said Eddie Lee, Head of Commercial of
International Business at SingPost. “Inspired by Wish’s innovative
approach and leadership in the global e-marketplace industry, we
embrace the privilege to partner alongside them. Together with
CouriersPlease, we are committed to journeying with Wish towards
continued growth through efficient logistics solutions.”
The announcement falls
on the heels of Wish launching flat rate shipping in each of its
major markets. A flat rate shipping fee is applied to all eligible
items1 over 10 AUD, at no additional cost to merchants.
To learn more about Wish, download the app or
visit www.wish.com.
About WishFounded in 2010 and headquartered in
San Francisco, Wish is one of the largest and fastest growing
global ecommerce platforms, connecting millions of value-conscious
consumers in over 60 countries to thousands of merchants around the
world. Wish combines technology and data science capabilities and
an innovative discovery-based mobile shopping experience to create
a highly-visual, entertaining, and personalized shopping experience
for its users. For more information about the company or to
download the Wish mobile app, visit Wish mobile app,
visit www.wish.com or follow @Wish
on Facebook, Instagram and TikTok or @WishShopping
on Twitter and YouTube.
About Singapore Post SingPost is a leading
postal and eCommerce logistics provider in Asia Pacific. The
portfolio of businesses spans from national and international
postal services to warehousing and fulfillment, international
freight forwarding and last mile delivery, serving customers in
more than 220 global destinations. Headquartered in Singapore,
SingPost has over 4,900 employees, with offices in 13 markets
worldwide. Since its inception in 1858, the Group has evolved and
innovated to bring about best-in-class integrated logistics
solutions and services, making every delivery count for people and
planet. www.singpost.com
Media contact:Carys Comerford-Green,
Wishpress@wish.com
Investor contact:Ralph Fong,
Wishir@wish.com
Singapore Post Media
Contact:Sophia.ong@singpost.com Audrey.chan@singpost.com
Forward-Looking StatementsThis news release
contains forward-looking statements within the meaning of the Safe
Harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than statements of historical fact
could be deemed forward-looking, including, but not limited to,
statements regarding Wish's outlook; priorities; strategic
direction; partnership with Singapore Post Limited and its
subsidiaries and its impact on logistics, including improved
shipping experiences for customers and merchants; business
operations; quotes of management; and growth initiatives. In some
cases, forward-looking statements can be identified by terms such
as “anticipates,” “believes,” “could,” “estimates,” “expects,”
“foresees,” “forecasts,” “guidance,” “intends” “goals,” “may,”
“might,” “outlook,” “plans,” “potential,” “predicts,” “projects,”
“seeks,” “should,” “targets,” “will,” “would” or similar
expressions and the negatives of those terms. These forward-looking
statements are subject to risks, uncertainties, and assumptions. If
the risks materialize or assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. New risks emerge from time to time. It
is not possible for our management to predict all risks, nor can we
assess the impact of all factors on our business or the extent to
which any factor, or combination of factors, may cause actual
results to differ materially from those contained in any
forward-looking statements we may make. Further information on
these and additional risks that could affect Wish’s results is
included in its filings with the Securities and Exchange Commission
(“SEC”), including its most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q, and future reports that Wish may
file with the SEC from time to time, which could cause actual
results to vary from expectations. Any forward-looking statement
made by Wish in this news release speaks only as of the day on
which Wish makes it. Wish assumes no obligation to, and does not
currently intend to, update any such forward-looking statements
after the date of this release.
1 Eligible products are those that are shipped from merchants in
China who use our A+ logistics network. All non-eligible items will
continue to incur their own, separate shipping fees.
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