Wish reported to raise new $500M investment

• Marking a funding total of $1.08B and valuing the startup within a $3.5B-$5B range.
• Temasek Holdings, a sovereign wealth fund of the Government of Singapore, is considered to have led the new round.
• Wish (WISHOP), often discussed in relation to Amazon (NASDAQ:AMZN), Alibaba (NYSE:BABA) and other e-commerce operations, has in the past been rumored a potential buyout candidate, though for the time being appears to maintain focus on conducting an independent mission.