Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Wish S-1

sec.gov

Post reply on HN
Print view View original

91–100 of 153 posts

Re: Wish S-1

#91

Post by Rebelgecko »

ikeboy wrote: post #34
brd529 wrote: post #30

> Historically, our merchants in China have benefitted from lower shipping costs due to the Universal Postal Union Treaty (“UPU”). Certain expected changes to UPU postal rates that went into effect in July 2020 are likely to increase the shipping rates our merchants incur to ship products from China. The actions we have taken in our logistics program to mitigate these increased costs may not be successful over the lo…

>Thanks to the UPU, Before July it was cheaper to mail a package to Chicago from Shanghai than to shop to Chicago from Dallas. Do you have a source on this? Most claims of this nature that I've seen fall apart on investigation - usually they compare a bulk wholesale rate for slow international shipping to a retail rate for priority domestic shipping to get this result. I'd like to see an apples to apples comparison t…

It used to be possible to get some cheap widgets on Aliexpress for $1. Even if you assume that the widget is "free", $1 seems like a great rate for shipping. Do bulk rates in the US compare with that?

Re: Wish S-1

#92

Post by jedberg »

ikeboy wrote: post #90
jedberg wrote: post #79

Earlier quoted context omitted.

Your claim was disproved back then and it's still false now. You were comparing the shipping rates for someone who does all the sorting and long haul delivery vs China, who just dumps all the mail at the Port of Los Angeles, sorted into buckets by zip code.

And as I pointed out in the comments then, Amazon charged $3.28 for delivery in two days at the time.

Amazon had their own shipping network and subsidized it as a loss leader. Not exactly a relevant comparison.

Re: Wish S-1

#93

Post by ikeboy »

jedberg wrote: post #92
ikeboy wrote: post #90

Earlier quoted context omitted.

And as I pointed out in the comments then, Amazon charged $3.28 for delivery in two days at the time.

Amazon had their own shipping network and subsidized it as a loss leader. Not exactly a relevant comparison.

My understanding is Amazon roughly passes through their costs on FBA. Regardless, I pointed at the cost that anyone who ships reasonable volume and does similar sorting to China Post can access.

Re: Wish S-1

#94

Post by ikeboy »

Rebelgecko wrote: post #91
ikeboy wrote: post #34

Earlier quoted context omitted.

>Thanks to the UPU, Before July it was cheaper to mail a package to Chicago from Shanghai than to shop to Chicago from Dallas. Do you have a source on this? Most claims of this nature that I've seen fall apart on investigation - usually they compare a bulk wholesale rate for slow international shipping to a retail rate for priority domestic shipping to get this result. I'd like to see an apples to apples comparison t…

It used to be possible to get some cheap widgets on Aliexpress for $1. Even if you assume that the widget is "free", $1 seems like a great rate for shipping. Do bulk rates in the US compare with that?

Many years ago it was possible, not recently. UPU rates used to be lower before 2015 or so.

Also, for small, light products, it's absolutely possible to ship below $1. Full 5-digit pre-sorting and injection for a 1 oz flat costs 43 cents to deliver currently. Presorting but with no injection costs 81 cents.

Re: Wish S-1

#95

Post by centimeter »

ikeboy wrote: post #34
brd529 wrote: post #30

> Historically, our merchants in China have benefitted from lower shipping costs due to the Universal Postal Union Treaty (“UPU”). Certain expected changes to UPU postal rates that went into effect in July 2020 are likely to increase the shipping rates our merchants incur to ship products from China. The actions we have taken in our logistics program to mitigate these increased costs may not be successful over the lo…

>Thanks to the UPU, Before July it was cheaper to mail a package to Chicago from Shanghai than to shop to Chicago from Dallas. Do you have a source on this? Most claims of this nature that I've seen fall apart on investigation - usually they compare a bulk wholesale rate for slow international shipping to a retail rate for priority domestic shipping to get this result. I'd like to see an apples to apples comparison t…

I used to order shit from China for like $0.65 with free shipping back around 2008-2010, which I definitely couldn't do from vendors in the US.

Re: Wish S-1

#96

Post by ikeboy »

centimeter wrote: post #95
ikeboy wrote: post #34

Earlier quoted context omitted.

>Thanks to the UPU, Before July it was cheaper to mail a package to Chicago from Shanghai than to shop to Chicago from Dallas. Do you have a source on this? Most claims of this nature that I've seen fall apart on investigation - usually they compare a bulk wholesale rate for slow international shipping to a retail rate for priority domestic shipping to get this result. I'd like to see an apples to apples comparison t…

I used to order shit from China for like $0.65 with free shipping back around 2008-2010, which I definitely couldn't do from vendors in the US.

That timeline makes sense. Ten years ago the UPU rates were lower than in recent years.

Re: Wish S-1

#97

Post by graaben »

JohnJamesRambo wrote: post #80
tgtweak wrote: post #21

Earlier quoted context omitted.

I think of the terrible-lady-getting-excited-over-a-box youtube ad :| Also the numerous videos from linustechtips and many other reputable channels detailing in painful detail how scammy wish is. Also my mother in law who bought a $12 fitness tracker that died after 2 months. My opinion is that they've begun exhausting the pool of people they can afford to convert since the lifetime value per new member must be atroc…

The first time I heard of Wish was when they bought the Lakers jersey ad. > Wish will pay the organization between $12 million and $14 million a year for the length of the three-year contract, according to a source who wasn't authorized to share the numbers publicly. I just now surfed to the website to see what they even sell and it won’t let me see a single bit of the website without signing up. Genius plan.

I know your goal isn't to actually browse the site but you can get around the sign up modal by adding ?hide_login_modal=true to the URL

Re: Wish S-1

#98

Post by jedberg »

ikeboy wrote: post #86
jedberg wrote: post #79

Earlier quoted context omitted.

Your claim was disproved back then and it's still false now. You were comparing the shipping rates for someone who does all the sorting and long haul delivery vs China, who just dumps all the mail at the Port of Los Angeles, sorted into buckets by zip code.

I was not doing a comparison, I was showing how the NPR numbers were dishonest. NPR claims that it costs $6.30 to mail something across the street. They never give a specific number for a shipment from China to compare to. Prices have gone up since then, but even today the most expensive option with no pre-sorting for 13 oz is only $5.39. It can go as low as $2.36 depending on the level of sorting. NPR is clearly not…

> This is roughly equivalent to the 5-digit DNDC option, which currently costs $3.56 - maybe slightly more because I don't know the exact details of how China delivers to the US.

China the country does that, but that cost is not borne by the shipper in China. The shipper in China just drops the item off at their post office.

But regardless, China then pays the US $1.90 to deliver that package for them. You will not find any service available to a US mailer that is only $1.90.

Re: Wish S-1

#99

Post by ikeboy »

jedberg wrote: post #98
ikeboy wrote: post #86

Earlier quoted context omitted.

I was not doing a comparison, I was showing how the NPR numbers were dishonest. NPR claims that it costs $6.30 to mail something across the street. They never give a specific number for a shipment from China to compare to. Prices have gone up since then, but even today the most expensive option with no pre-sorting for 13 oz is only $5.39. It can go as low as $2.36 depending on the level of sorting. NPR is clearly not…

> This is roughly equivalent to the 5-digit DNDC option, which currently costs $3.56 - maybe slightly more because I don't know the exact details of how China delivers to the US. China the country does that, but that cost is not borne by the shipper in China. The shipper in China just drops the item off at their post office. But regardless, China then pays the US $1.90 to deliver that package for them. You will not f…

Where is your source for the $1.90 number here?

Re: Wish S-1

#100

Post by askafriend »

echelon wrote: post #82
earthtobishop wrote: post #66

I totally get the Wish hate but I don’t think most here realize why it’s so popular. My family in the Midwest loves wish because they purchase from there knowing the quality isn’t going to be superb. My mom buys random things from them like clothes, jewelry, and random appliances for literally $5. She’s willing to wait three weeks to get her stuff because it’s such a good deal. My dad was able to get a quality DSLR f…

This perspective makes it sound like the internet equivalent of Dollar Tree or Dollar General.

That's exactly my perception of Wish.
Post reply on HN