article thumbnail

Wish Sold to Asian Ecommerce Platform Qoo10 for $173 Million

Retail TouchPoints

ContextLogic CEO Joe Yan said that he expects the acquisition to be beneficial to both Wish’s sellers and its shoppers: “Integrating the Wish platform into Qoo10 will create a true global cross-border ecommerce platform to support the massive market demand ,” said Yan in a statement. followed by former #1 Shein.

article thumbnail

Report: Amazon Considering Peloton Acquisition as Fitness Company Seeks Profitability

Retail TouchPoints

He was CFO at Netflix from 1999 to 2010, putting him in a leadership role during the transition from mail-based distribution to streaming-based subscriptions. The company is aiming to achieve at least $800 million in annual run-rate cost savings through operating expense efficiencies and margin improvement in its Connected Fitness category.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Have Temu and Shein Thwarted Wish’s Hopes of a Comeback?

Retail TouchPoints

When it debuted back in 2010, Wish was the only game in town as far as manufacturer-direct discount shopping apps went. The company marked notable improvements in its delivery speeds in Q2, with average time-to-door improved by six days compared to 2022 in Wish’s six major markets. The very next month Temu debuted in the U.S.

article thumbnail

In the News: Recovery Grants From $1,000 to $100K Available to Small Businesses

Small Biz Trends

Businesses looking for help for debt repayment to renovations, operating expenses, lost revenue, and more can apply for grants from $1,000 to $100K. SBA Implores Americans to Shop Small on Small Business Saturday Small Business Saturday was founded in 2010 by American Express and officially co-sponsored by the SBA since 2011.

article thumbnail

As-a-service may be more than you think

Cisco Retail

It was 11 years after the Webex SaaS model to AWS launching its first-generation IaaS (infrastructure-as-a-service), EC2 in 2006, with Google Cloud and Azure following closely in 2008 and 2010. And now this past decade is filled with all kinds of vendors moving full throttle to bring their solutions to market as-a-service.