Wish Further Expands its Logistics as a Service (LaaS) Arm with the Launch of ‘WishPost Smart Parcel’
November 15 2023 - 9:00AM
ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s
largest mobile ecommerce platforms, this week announced the launch
of WishPost Smart Parcel - a Logistics as a Service (Laas) product
that is designed to provide a seamless and efficient shipping
solution to non-Wish merchants, ensuring rapid, reliable, and
cost-effective deliveries.
WishPost Smart Parcel’s end-to-end small parcel
delivery service leverages Wish’s global network of Logistics
Service Providers (LSP) which spans first mile, international line
haul, customs brokerage and last mile delivery. Designed to meet
the needs of non-Wish merchants, the innovative service underpins
Wish's commitment to delivering operational excellence.
“As a global online marketplace that works with
an extensive network of sellers worldwide, we have made it our
mission to build a world-class logistics network that can stand up
to scrutiny,” said Bill Zhang, VP of Global Logistics, Wish. “The
launch of WishPost Smart Parcel marks a significant milestone in
our journey as we deepen our investment in our logistics
capabilities, in order to broaden the impact of our top-tier
service that combines unbeatable value with speed.”
In its initial phase, WishPost Smart Parcel is
set to support shipments from China to key destinations including
the UK, France, Germany, Switzerland, Belgium, the Netherlands,
Japan, and the United States.
Earlier this year, Wish introduced flat rate
shipping to customers in its major markets. The flat rate shipping
fee is applied to all eligible items1 over $10, at no additional
cost to merchants.
For more information about Wish, visit www.wish.com.
About WishFounded in 2010 and headquartered in
San Francisco, Wish is one of the largest 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; WishPost Smart Parcel and its proposed benefits to
leverage shipping and logistics efficiencies; WishPost Smart Parcel
supported markets and countries; business operations; quotes by
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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