Coupang

Coupang (Korean: 쿠팡) is a South Korean e-commerce company founded in 2010. The largest online retailer in South Korea,[2] Coupang's annual revenue exceeds US$5.9 billion.[3] The company's Rocket Delivery network provides same-day or next-day delivery of more than five million unique items.[4] Coupang claims that 99.6 percent of its orders are delivered within 24 hours.[5]

Coupang
TypeOnline shopping
Industrye-commerce 
Founded2010 (2010)
HeadquartersSeoul, South Korea
Key people
Bom Kim
Number of employees
37,000[1]
Websitecoupang.com
Coupang delivery truck in Seoul, 2017.

Coupang is headquartered in Seoul, South Korea, in the Songpa-gu District. Coupang also has offices in Beijing, Shanghai, Los Angeles, Mountain View, and Seattle.[6]

Coupang was founded by Bom Kim in 2010. A student of Harvard University, Kim started to study for his MBA at Harvard Business School but dropped out after six months into the program.[7]

In November 2018, Coupang received a US$2 billion investment from SoftBank.[8] Other major investors in Coupang include BlackRock and Fidelity.[9]

In July 2020, Coupang acquired assets of Singaporean streaming service HOOQ.[10]

References
  1. "Coupang Creates More Jobs than Total Jobs Lost in 500 Largest Companies". Retrieved September 1, 2020.
  2. Palmer, Annie (2020-06-16). "Coupang, a SoftBank-backed start-up, is crushing Amazon to become South Korea's biggest online retailer". CNBC. Retrieved 2020-10-08.
  3. "Coupang narrows operating loss by 36% in 2019 on 64% jump in sales - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 2020-10-08.
  4. Cho, Hyee-Su (April 15, 2019). "Coupang posts 65% on-year growth in revenue". The Korea Herald. Retrieved September 8, 2019.
  5. CNBC.com, Joel Dreyfuss, special to (2018-04-02). "The $5 billion South Korean start-up that's an Amazon killer". CNBC. Retrieved 2019-09-09.
  6. "Korean e-commerce unicorn Coupang hires Walmart's former global chief compliance officer". TechCrunch. Retrieved 2019-09-08.
  7. Gilchrist, Karen (2019-12-04). "How a Harvard dropout founded South Korea's most valuable start-up". CNBC. Retrieved 2020-10-08.
  8. Jung-a, Song (January 1, 2019). "Etailers battle to win 'Amazon of South Korea' crown". Financial Times. Retrieved September 8, 2019.
  9. "Investors Continue to Back Coupang Despite Operating Losses". 비즈니스코리아 - BusinessKorea (in Korean). 2018-05-15. Retrieved 2019-09-09.
  10. "SoftBank-Backed Coupang Buys Hooq Assets to Take on Netflix". Bloomberg. 2020-07-09. Retrieved 2020-07-14.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.