SAN FRANCISCO, March 14, 2023 (GLOBE NEWSWIRE) — ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH ), one of the world’s largest mobile e-commerce platforms, today announced that French regulator DGCCRF ( Directorate for General Competition Policy, Consumer Affairs and Fraud Control) lifted its delisting action against Wish, allowing the online marketplace to return to app stores and search engines in France.
French users can once again download and update the Wish app from Google Play and navigate to the website directly from search engines. Wish also hopes to return to the App Store within the next few days. The landmark ruling comes more than 15 months after the ruling was originally issued.
“We would like to thank the DGCCRF for the constructive dialogue and are pleased to have reached a solution that will allow Wish to return to the market. France is an important market for us and we hope to continue our partnership with DGCCRF in the future,” said Joanna Forster.
Interim General Counsel and Chief Compliance Officer at Wish.
“Procedures are now underway to return Wish to search engines and app stores in France. We are delighted to welcome French consumers to our platform.”
To learn more about Wish, visit here www.wish.com.
Founded in 2010 and headquartered in San Francisco, Wish is one of the largest and fastest-growing global e-commerce platforms, connecting millions of value-conscious consumers in more than 60 countries with thousands of merchants around the world. Wish combines technology and data science capabilities with an innovative, discovery-based mobile shopping experience to create a highly visual, entertaining and personalized shopping experience for its users. For more information about the company or to download the Wish mobile app, visit the website Wish mobile appvisit www.wish.com or follow @Wish forward Facebook, Instagram and TikTok or @WishShopping on Twitter and Youtube.
Carys Comerford-Green, wish
Ralph Fong, wish
This press release contains forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are considered forward-looking, including, but not limited to, forward-looking statements. Prospects of desire; priorities; strategic direction; return to market timeline in France; business operations; and growth initiatives. In some cases, forward-looking statements can be identified by terms such as “anticipates,” “believes,” “may,” “estimates,” “expects,” “anticipates,” “guidelines,” “intends,” “goals,” , “could”, “might”, “prospects”, “plans”, “potential”, “forecasts”, “projects”, “looking for”, “should”, “goals”, “will”, “would” or the like expressions and the negatives of these expressions. These forward-looking statements are subject to risks, uncertainties and assumptions. If risks materialize or assumptions prove incorrect, actual results could differ materially from those contained in these forward-looking statements. New risks appear from time to time. Our management cannot predict all risks, and we cannot assess the impact of all factors on our business, or the extent to which any factor or combination of factors could cause actual results to differ materially from those contained in futures contracts. – we can make statements. Additional information regarding these and other risks affecting Wish’s results can be found in its filings with the Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, and future reports. that Wish may file with the SEC from time to time, which could cause actual results to differ from those anticipated. Forward-looking statements made by Wish in this press release speak only as of the date Wish makes them. Wish undertakes no obligation and does not currently intend to update any such forward-looking statements after the date of this release.