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Cheap Clothing is Big Business as Wish Shopping App Raises $50 Million

Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.

Wish, the maker of a smartphone app that sells low-price clothing from China and other international markets to Western shoppers, has raised a new round of $50 million just two months after announcing a separate $19 million investment. New investor Founders Fund contributed to the round.

This article originally appeared on Recode.net.

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