Contextlogic To Sell Wish Ecommerce Platform To Qoo10 Joe yan, contextlogic ceo, said, “integrating the wish platform into qoo10 will create a true global cross border ecommerce platform to support the massive market demand. As disclosed, contextlogic entered into an agreement to sell substantially all of the company’s operating assets and liabilities, principally comprising its wish ecommerce platform, to qoo10.
Contextlogic Said To Near 173 Million Sale Of Wish To Qoo10 Bloomberg San francisco based contextlogic announced it reached a deal to sell its online marketplace wish for $173 million. the transaction will see wish acquired by the singapore headquartered ecommerce platform qoo10 at a 99% markdown from the publicly traded company’s market cap in 2021. contextlogic will drop its current ticker symbol wish within. Contextlogic has announced an agreement to sell a significant portion of its operating assets and liabilities, including its ecommerce platform wish, to qoo10, an ecommerce platform operating in asia. Six existing directors to step down from board upon completion of the qoo10 transaction principally comprising its wish ecommerce platform (the “asset sale”), to qoo10 pte. ltd. (“qoo10. Since our founding in san francisco in 2010, we have become one of the largest global ecommerce platforms, connecting millions of value conscious consumers to hundreds of thousands of merchants.
Wish Sold To Asian Ecommerce Platform Qoo10 For 173 Million Retail Six existing directors to step down from board upon completion of the qoo10 transaction principally comprising its wish ecommerce platform (the “asset sale”), to qoo10 pte. ltd. (“qoo10. Since our founding in san francisco in 2010, we have become one of the largest global ecommerce platforms, connecting millions of value conscious consumers to hundreds of thousands of merchants. Contextlogic ( nasdaq: wish ), the parent of discount online retailer wish, soared 29% after it agreed to sell its assets and liabilities, mainly its wish ecommerce platform, for $173 million in. Michelle f. davis. the parent of discount online retailer wish has agreed to sell its assets and liabilities for $173 million to singaporean e commerce company qoo10. contextlogic inc. will sell assets including wish to qoo10 for $6.50 per share in cash, according to a statement on monday that confirmed a bloomberg news report.
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