The shopping platform Wish was first launched in 2018, and it rapidly became one of the world's most popular mobile applications in the sector of eCommerce. The sheer market volume of this platform provides an impressive financial results amount, which nearly tops the $2 billion mark.
Such earnings would not be possible without the popularity of the platform of numerous online shippers. Wish online shopping provides visitors with a vast diversity of goods ranging from small things with a price of a few dollars to rare and expensive goods. Users have the option to buy clothes, home appliances, robots, and any number of other items on the huge list of products available on this platform.
Unlike other, let's call them standard giants of online shopping business, this intriguing shopping platform allures customers by rewarding them with perennially popular factors. Shoppers are always attracted to places where they can buy goods with coupons. Wish platform additionally provides the fast delivery speed for purchased parcels which can also appear as a positive decision in the eyes of the client who wants to buy on this platform.
The wide audience of the Wish shopping website attracts online businesses that can benefit from it and raise their revenue. For this, eCommerce merchants use shopping feeds to deliver their catalog of items prepared for sales on this platform. The shopping feed ought to be generated with full precision and details in order to present goods in the best possible way to win the top places in the ranking system of this platform. The competition is rather fierce, so merchants better use designated feed generating tools to obtain their very best results and catch top bargains.
According to Wish financial statistics, this platform saw a twofold increase of its income if the year earlier is considered as a starting point. The total volume of transactions on this shopping service amounted to $1.9 billion.
Wish shopping site earns its share of this financial pie by holding an approximate cut of 15 percent for each product that was bought on its platform by customers from merchants who uploaded their product catalogs to the service.
The online shopping platform has shown great potential from its launch day. In the year of its foundation, which was in 2011, it received from various investors almost $1.3 billion in investments. From that time, the platform held several rounds of investments, and the last one for today was in 2017. That round of financing brought a whooping $8.7 billion to the platform’s financial situation. Given the sheer volume of investments, Wish took the place of the application that holds the title of most downloaded mobile app in the world in the segment of business apps. That historic milestone was achieved by Wish in 2018. That year, the Wish app hit a number of 161 million counted installations on smartphones in the global scale, as the statistical publishing service Sensor Pinnacle indicates.