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Thursday, September 29, 2016

Be Inspired by Wish: A Mobile App that’s Making Over $3 Billion a Year


If someone told you that an up-and-coming shopping app is poised to make a billion sales every year, you might be thinking that he’s joking. After all, Alibaba, which launched in 1999, got nearly $400 billion in 2014, while Amazon, which went live in 1995, did an estimated $180 million in gross merchandise volume in 2014. Growing an online shop definitely takes time.

Yet one shopping app, Wish, is defying expectations and is making $3 billion a year. In fact, CEO Peter Szulczewski estimates that their company will be the second or third trillion-dollar-a-year marketplace, depending on how well Amazon would do in India.
http://emyoli.com/blog/item/87-be-inspired-by-wish-a-mobile-app-thats-making-over-3-billion-a-year

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