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AliExpress (BABA) competitor Wish raised an undisclosed amount (likely about $300M) in a Series H round that let the discount shopping platform with an $11.2B valuation. General Catalyst led the new financing.
As of last year, Wish boasted 80M MAUs and had over 1M merchants on the platform, who sold nearly $1B products annually. Wish has a global network of direct suppliers and recently launched Wish Local,