Legend-backed e-commerce platform Wish is set to achieve a valuation of more than $8bn in a $250m funding round that is expected to close soon.
Wish, a US-based mobile commerce platform backed by conglomerate Legend Holdings, is in the process of raising $250m at a valuation of more than $8bn, Axios reported yesterday.
The round, which is expected to close in the near future, has attracted investment management firm Wellington Management as well as unnamed existing shareholders.
Founded in 2011, Wish operates a range of mobile e-commerce apps that focus on heavily discounted, unbranded products which are sourced and shipped directly from Chinese manufacturers to…
