According to reports, Wish, a former star e -commerce platform, once again reported negative news, once promoted the online shopping platform of ultra -low budget products, and reported catastrophic business data again. The Wish operator of San Francisco ContextLogic Inc., the business model of selling cheap Chinese manufacturing products at low prices seems to have completely collapsed.
It is a difficult year for the Wish platform in 2021, and the number of users has declined sharply: in the middle of 2021, a quarter of the year -on -year revenue was lost by 16%, from US $ 2.5 billion in 2020 to 2021 The total revenue in the fourth quarter of 2021 fell by 64%in the fourth quarter of 2021, and market revenue fell by 72%. Although the company announced a large layoffs and withdraw from a total of 79 markets to operate stable, Wish’s financial situation is still in a state of chaos.
According to the company’s financial report, the data in the first quarter of 2022 surpassed the previous quarter in a negative way. The total revenue of the Wish platform dropped from US $ 772 million in the first quarter of 2021 to US $ 189 million in the first quarter of 2022, a significant decrease of -76%. Losses to a large extent are caused by the downturn in the market department.
Post time: Jun-01-2022