- The stock price of ContextLogic Inc (NASDAQ: WISH) increased by over 13% during intraday trading this morning. This is why it happened.
The stock price of ContextLogic Inc (NASDAQ: WISH) increased by over 13% during intraday trading this morning. Investors are responding positively to ContextLogic announcing a two-year partnership with leading ecommerce platform PrestaShop.
Through this deal, more than 300,000 merchants and brands on the PrestaShop platform will be able to quickly and easily sell to millions of consumers on the Wish marketplace. And PrestaShop merchants will have free access to a direct integration module on the PrestaShop platform that connects them directly to Wish’s merchant dashboard.
The module is going to sync their products and orders between PrestaShop and Wish. And PrestaShop merchants will also benefit from a suite of additional marketing and sales support and a number of special incentives. Plus Wish said it will enjoy official “Trusted Partner” status on PrestaShop and will benefit from a special landing page on the PrestaShop platform for merchants.
KEY QUOTES:
“Wish serves millions of consumers around the world by providing high-quality products at affordable prices and a personalized, entertaining shopping experience. Partnering with PrestaShop will enable us to offer our consumers even more quality merchants and brands and to provide Prestashop merchants with a global platform to transact on.”
— Alan Small, Senior Business Development Manager for Wish in Europe
“As one of our Trusted Partners, we are confident that Wish will provide the support and tools for our merchants to really succeed in a global marketplace. We look forward to working together with Wish to help thousands of merchants get their products into the homes of consumers around the world.”
— Valerio Martelli, VP of Partnerships at PrestaShop
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
