Wish

  • A U.S-China investor ponders what’s coming, as relations grow chilly

    A U.S-China investor ponders what’s coming, as relations grow chilly

    President Donald Trump has repeatedly threatened to launch a trade war with China, threats that the country is beginning to take ever more seriously. Over at GGV Capital, a Silicon Valley-based venture capital firm that’s been actively investing in China for more than 15 years, managing director Hans Tung seems to be watching the jockeying with some wonderment – and… Read More

  • America’s problems are Silicon Valley’s next investment Crunch Network

    America’s problems are Silicon Valley’s next investment

    This week is the perfect opportunity for technology executives and investors to lead an open, public conversation about how we can innovate for all Americans, many of whom feel threatened by automation and technological progress. Read More

  • Wish is reportedly raising $500 million

    Wish is reportedly raising $500 million

    Wish, a San Francisco-based company whose e-commerce mobile app that’s taken off in the U.S. and Europe by making it easy to buy everything from slippers to jackets to cosmetic brushes for rock-bottom prices, is raising $500 million in new funding at a valuation higher than its previous valuation of $3.5 billion but lower than $5 billion, reports Recode. CB Insights had turned up a… Read More

  • Wish is raising again, and giving late-stage investors protection

    Wish is raising again, and giving late-stage investors protection

    Wish, a San Francisco-based e-commerce mobile app that’s taken off in the U.S. and Europe by selling watches, clothing and other items extremely cheaply, is raising a new round of funding, a new filing shows. (The research company CB Insights spied the filing first.) Neither the size of the round nor the valuation are included, but the filing shows that Series F investors coming into… Read More

  • The hot e-commerce app Wish has “hundreds of millions of users” (plus other fascinating stats)

    The hot e-commerce app Wish has “hundreds of millions of users” (plus other fascinating stats)

    Last week, toward the end of a StrictlyVC event in San Francisco, GGV Capital managing director Hans Tung took the stage to interview one of his portfolio CEOs, Peter Szulczewski of Wish. With an increasingly boisterous crowd as their background, Tung managed to ferret out lots of fascinating  information from the highly personable Szulczewski, who looked very much the part of… Read More

  • Meet The Apps Vying For The Crunchie For Best Mobile App Of 2015

    Meet The Apps Vying For The Crunchie For Best Mobile App Of 2015

    The 9th Annual Crunchies are right around the corner. On February 8, some of your favorite startups, entrepreneurs and investors will make their way to San Francisco’s War Memorial Opera House for the Oscars of startups and technology. They’ll be hoping to win a Crunchie award in one of 12 categories up for grabs at this year’s show. Read More

  • Want To Be The Next Amazon? Go Cross-Border From Day One Crunch Network

    Want To Be The Next Amazon? Go Cross-Border From Day One

    The business of e-commerce is still mostly a national affair. U.S. consumers order from U.S. retailers like Amazon, Gap and Walmart; Chinese consumers buy from Chinese sites such as Tmall, Taobao and JD.com; and Indian consumers flock to Flipkart and SnapDeal. Read More

  • Mobile Shopping App Wish Buys Android Lockscreen App Maker Locket

    Mobile Shopping App Wish Buys Android Lockscreen App Maker Locket

    Mobile shopping startup Wish — fresh off a $500 million round of funding — has made its first acquisition. The company has acquired Locket, a startup that makes lockscreen apps for Android handsets: an eponymous app that serves tailored news to your lockscreen; and lockscreen messaging app ScreenPop. Terms of the acquisition were not disclosed. From what we understand there… Read More

  • Sources: DST Global Led Mobile Shopping App Wish’s $500M Round

    Sources: DST Global Led Mobile Shopping App Wish’s $500M Round

    DST Global, Yuri Milner’s late stage VC fund, took the lead on the purported $500 million financing round invested in Wish, the mobile shopping app, according to people familiar with the matter. Forbes reported earlier that it had obtained SEC documents, which revealed Wish’s plans to raise $500 million by February. Forbes sources (as well as our own) pegged the valuation at $3… Read More