Wish Releases Inaugural ‘Anti-Counterfeiting Report’ as it Continues to Crack Down on Counterfeiters
November 03 2023 - 8:30AM
ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s
largest mobile ecommerce platforms, is proud to announce the
release of its inaugural ‘Anti-Counterfeiting Report’. The
publication of the report represents a significant step in Wish’s
ongoing commitment to combating the listing and sale of counterfeit
goods on its platform.
Wish’s first ‘Anti-Counterfeiting Report’
provides an overview of the tools and resources it has in place to
detect and enforce against the listing or sale of allegedly
counterfeit goods.
The report also shines a light on some of the
progress Wish has made over the past 6 months to clamp down on
counterfeiters, which includes1:
- Processing more
than 9,000 IP violations that were reported via
the ‘Report this Listing’ button, email, online web form or Wish’s
Brand Partner Program Portal
- Responding to
98% of all IP violation takedown requests within 24
hours, further demonstrating Wish’s commitment to promptly
addressing and resolving IP or counterfeit concerns
- Issuing over
700,000 infractions to violating merchants,
ranging from impression blocking to store suspension
- Signing up more
than 2,300 brands to Wish’s Brand
Partner Program since its inception in 2016
As well as providing a progress update, the
report looks at key trends, and provides information regarding
Wish’s partnerships and programs that help prevent counterfeits
from appearing on the platform, such as Wish’s Brand Partner
Program Portal.
"We recognize customers want to purchase
products that are authentic, regardless of their price or
provenance. We are focused on anti-counterfeiting, and have
invested in new technologies and initiatives to help us detect and
remove counterfeit goods from infiltrating our platform,” said Erin
Brusseau, Direct of Content Moderation at Wish.
“The launch of our first ‘Anti-Counterfeiting
Report’ is a testament to our commitment to combat counterfeiting
and promote a greater degree of transparency around what is an
industry-wide issue."
Wish’s ‘Anti-Counterfeiting Report’ available to
download for free here.
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.
Media contact:Carys
Comerford-Green, Wishpress@wish.com
Investor contact:Ralph Fong,
Wishir@wish.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; impact of anti-counterfeiting measures and related
initiatives on platform experience; impact and effectiveness of
tools and resources implemented to prevent, detect, and enforce
against counterfeiting; quotes by management; business operations;
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.
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