Wish Joins Forces with PUDO Inc. to Elevate Online Shopping Convenience for U.S. and Canada Shoppers
September 26 2023 - 8:00AM
ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the world’s
largest mobile ecommerce platforms, today announced a partnership
agreement with North American parcel pick-up and drop-off counter
Network, PUDO Inc. (CSE: PDO; OTCQB: PDPTF). The partnership
will allow Wish consumers to click and collect parcels from more
than 1,200 PUDOpoint counters across the U.S. and Canada.
The initiative aligns with Wish’s broader goal
to improve the shopping experience by providing enhanced levels of
convenience for its shoppers. The convenience is rooted in the
assurance that packages will be delivered safely to nearby secure
locations whenever shoppers are away from home or have delivery
restrictions at their home. By the end of the year, Wish Local’s
network of pick-up points will total 24,000 globally.
“Through our collaboration with PUDO Inc., we're
enhancing the shopping experience for our customers,” said Bill
Zhang, VP of Global Logistics and China GM at Wish. “The
partnership amplifies convenience by enabling hassle-free package
retrieval from numerous locations. In parallel, it also opens up
new avenues for independent retailers to drive increased foot
traffic and revenue streams generated by package collections.”
“Our continued commitment to innovation and
customer satisfaction is driving us to expand Wish Local's pick-up
network to 24,000 points globally by year-end,” concluded Mr.
Zhang.
At checkout, Wish customers will be presented
with several local pick-up options where they can collect their
item. Customers can choose PUDO outlets from the list of pick-up
options. PUDO has hundreds of locations covering every major market
in the United States and Canada.
Elliott Etheredge, Chief Executive Officer at
PUDO Inc. commented: “The partnership with Wish allows us to help
Wish enhance the experience they provide to their customers. Ease
and convenience are paramount for a positive shopper relationship
and we are happy the PUDO network will provide this to Wish’s
customers. We are also excited at the ability to work with existing
Wish locations to expand the PUDOpoint returns network and further
increase our network scope across the U.S. and Canada.”
Earlier this year, Wish introduced flat rate
shipping to customers in its major markets. The flat rate shipping
fee is applied to all eligible items1 over $10, at no additional
cost to merchants.
To learn more about Wish, download the app or
visit www.wish.com.
About WishFounded in 2010 and headquartered in
San Francisco, Wish is one of the largest and fastest growing
global ecommerce platforms, connecting millions of value-conscious
consumers in over 60 countries to thousands of merchants around the
world. Wish combines technology and data science capabilities and
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 Wish mobile app,
visit www.wish.com or follow @Wish
on Facebook, Instagram and TikTok or @WishShopping
on Twitter and YouTube.
About PUDO Inc.PUDO Inc. is North America’s
only independent parcel pick-up and drop-off counter network. PUDO
has created a Network of more than 1,200 storefront partners known
as PUDOpoint Counters, strategically located very near to where
people live, work and play. PUDO partners with retailers and
logistics providers to offer a last-mile pick-up and returns
network for ecommerce shoppers that reduces cost, increases
convenience, and provides package security to the last-mile of
package logistics. Visit: www.pudopoint.com.Media
contact:Carys Comerford-Green, Wishpress@wish.com
Investor contact:Ralph Fong,
Wishir@wish.com
Forward-Looking StatementsThis news 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
could be deemed forward-looking, including, but not limited to,
statements regarding Wish's outlook; priorities; strategic
direction; partnership with PUDO Inc. and its proposed benefits to
the customer shopping experience, including shipping and package
pick up convenience; expansion timeline of Wish Local; business
operations; and growth initiatives. In some cases, forward-looking
statements can be identified by terms such as “anticipates,”
“believes,” “could,” “estimates,” “expects,” “foresees,”
“forecasts,” “guidance,” “intends” “goals,” “may,” “might,”
“outlook,” “plans,” “potential,” “predicts,” “projects,” “seeks,”
“should,” “targets,” “will,” “would” or similar expressions and the
negatives of those terms. These forward-looking statements are
subject to risks, uncertainties, and assumptions. If the risks
materialize or assumptions prove incorrect, actual results could
differ materially from the results implied by these forward-looking
statements. New risks emerge from time to time. It is not possible
for our management to predict all risks, nor can we assess the
impact of all factors on our business or the extent to which any
factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
statements we may make. Further information on these and additional
risks that could affect Wish’s results is included 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 vary from
expectations. Any forward-looking statement made by Wish in this
news release speaks only as of the day on which Wish makes it. Wish
assumes no obligation to, and does not currently intend to, update
any such forward-looking statements after the date of this
release.
____________________________________1 Eligible products are
those that are shipped from merchants in China who use our A+
logistics network. All non-eligible items will continue to incur
their own, separate shipping fees.
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