Coupang
Coupang is one of the largest e-Commerce companies in Asia. Coupang offers a variety of services, including same-day and next-morning delivery of groceries and general merchandise, delivery of prepared foods through Coupang Eats, and video streaming through Coupang Play. It has offices in Beijing, Los Angeles, Seattle, Seoul, Singapore, Shanghai, Silicon Valley, Taipei, and Tokyo.
See below for the Latest Coupang News, Analysis, Profit Results, Share Price Information, and Commentary.
CJ products return to Coupang after 20-month hiatus
CJ products return to Coupang after 20-month hiatus
CJ CheilJedang halted sales of its products to Coupang in December 2022.
Coupang to invest $2.23b to expand ‘rocket delivery’ in South Korea
It will set up more than eight fulfilment centres to serve as logistical hubs for swift delivery.
Coupang finalises Farfetch acquisition
Farfetch will also improve its brand through $500m in capital.
Coupang to acquire online luxury firm Farfetch
It will provide $500m capital to support Farfetch’s operations.
Coupang net income climbs by $300m in Q1
Its net income amounted to $91m.
South Korea's Coupang narrows loss to $92m in 2022
This improved by $1.5b.
South Korea’s Coupang to remain profitable amidst funding crunch: report
The company’s net profit stood at $91m in the third quarter.
South Korea’s Coupang posts record net profit in Q3
Its net income stood at $91m.
Coupang narrows loss to $75m in Q2
This improved from the $518m loss in the same quarter last year.
Coupang profit soars 42% YoY in Q1 2022
Its revenue rose 22% YoY, whilst its losses improved by 29% YoY.
Coupang establishes new office in Yanji, China
Some 230 employees are working in the office.
Coupang raises service charge to cut losses
But an analyst fears that this will fall short of reaching profitability.
Coupang faces allegations of manipulating employees’ work hours
Korean laws forbid workers from working more than 52 hours per week.
Coupang allegedly risks data breach by storing user data in China
The company argued its Chinese subsidiary does not store personal data.
Fire engulfs Coupang warehouse
Public outcry sparked following the death of a firefighter.
Coupang launches $195m distribution centre in Busan
It is expected to be completed by 2024.
Coupang expands to Japan with SoftBank backing
It is testing its delivery service in selected locations in Tokyo.
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