Coupang

Don't Miss:

23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )
18/04/2024 Apple CEO Tim Cook says it is considering a manufacturing facility in Indonesia ( Electronics )
18/04/2024 Google Maps to show alternate transit and walking directions along with driving routes ( General )
17/04/2024 Apple releases iOS 17.5 beta 2 giving EU iPhone users more unique capabilities ( E-Tailing )
17/04/2024 WhatsApp rolls out new chat filters to help you locate unread and group conversations ( General )
16/04/2024 Google Chat working on adding group audio and video call function within Gmail Spaces ( General )
15/04/2024 Tim Cook arrives in Vietnam ( Electronics )
15/04/2024 Vietravel Airlines reports first profits in 3 years ( General )
11/04/2024 Samsung adds more language availability within Galaxy AI ( Electronics )
11/04/2024 YouTube Music promises Podcasts will get better on the platform ( General )
09/04/2024 WhatsApp to roll out new photo library shortcut for faster sharing ( General )
09/04/2024 Google Messages will soon start to warn you when tapping on links sent by unknown senders ( General )

Retail Asia14/03/2024

Coupang customers in South Korea can now directly purchase products from Japan, thanks to the e-commerce platform’s expansion of its overseas direct purchase service. With Japanese products now available through the Rocket Jikgu direct purchase service, customers can now purchase food from brands such as Nissin, Meiji, LeTao, and AGF, and beauty items from brands […]

CONTINUE READING

Retail Asia04/07/2023

South Korea’s top e-commerce retailer Coupang said Monday it has launched a new service allowing customers to buy luxury beauty brands’ products at its platform. At Rocket Luxury, customers will be able to purchase products of 16 high-end beauty brands from home and abroad, including Estee Lauder, MAC, Bobby Brown, and Hera, directly bought by […]

CONTINUE READING

Retail Asia14/03/2023

Coupang has decided to withdraw its e-commerce business from Japan, 21 months after it began offering its online delivery service there, a company official said Sunday. “After testing our service as a pilot version, we have decided to withdraw our business from Japan,” a Coupang Japan official said. The Japanese daily, Nikkei, reported Saturday that […]

CONTINUE READING

Retail Asia10/11/2022

E-commerce giant Coupang said Thursday it swung to the black in the third quarter for the first time since 2014, when it introduced its ultra-fast delivery service, Rocket Delivery. Net income came to $90.7 million in the July-September period, compared with a net loss of $324 million during the same period of last year, the […]

CONTINUE READING

Retail Asia13/08/2021

South Korean e-commerce company Coupang has reported surging revenues and profits on higher active customers during its 15th consecutive quarter of growth above 50 percent. But the company is still battling to stem losses thanks to investment into new business activities. Total net revenues rose 71 percent on a reported basis, or 57 percent on […]

CONTINUE READING

Retail Asia06/07/2021

After stoking a series of controversies, including a fire at a logistics centre and poor working conditions, South Korean e-commerce giant Coupang is now facing a government investigation into alleged unfair trading practices. The Korea Fair Trade Commission (KFTC) recently noted that Coupang might have violated the Fair Trade Law and carried out a field investigation […]

CONTINUE READING

Retail Asia12/03/2021

Coupang LLC, South Korea’s largest e-commerce company, raised $4.2 billion in the biggest share offering in the United States this year after selling stocks in the IPO above its deal target range, people familiar with the matter said. The initial public offering price of $35 apiece, higher than the marketing range $32-$34 per share, gives […]

CONTINUE READING

Retail Asia16/02/2021

South Korean e-commerce giant Coupang, backed by Japan’s SoftBank Group Corp, on Friday filed to go public on the New York Stock Exchange, hoping to cash in on strong demand for high-growth tech stocks as it reported a near-doubling of annual revenue and narrowing losses. Coupang is aiming for a valuation of around $50 billion […]

CONTINUE READING

Retail Asia22/08/2019

Casual-clothing chain Uniqlo says its sales have been affected as the consumer boycott of Japanese goods intensifies in South Korea. Uniqlo, owned by Fast Retailing, will close a downtown Seoul store soon, but says this is due to a decision not to renew a lease rather than the Japan boycott as reported by Japanese news […]

CONTINUE READING

Retail Asia19/02/2019

E-commerce company Coupang said Thursday it signed a memorandum of understanding (MOU) with HP Korea Wednesday to strengthen sales channels for the technology company’s products. Through the agreement, Coupang will directly acquire HP products from the company, providing customers with better deals. HP Korea will also ensure faster delivery times and improve product services. The […]

CONTINUE READING

Retail Asia24/01/2019

Led by transformation in sales channels and customer demand, consumer trends for 2019 will center on subscription e-commerce, faster delivery, and eco-packaging, according to market experts. Subscription e-commerce, a field of business that involves curating products and delivering them on a regular basis, has been gaining popularity because it meets needs for tailored services, value, […]

CONTINUE READING

Retail Asia07/01/2019

Coupang, Korea’s top e-commerce platform, has been selected as an authorized retailer to sell Apple products, the company announced Friday. It said that the e-commerce giant was selected to become an authorized reseller of Apple products, and the service will begin sometime this month. The products that will be offered include iPad Pros, MacBooks and […]

CONTINUE READING

Retail Asia28/11/2018

South Korean e-commerce firm Coupang is planning to launch a flagship store in Thailand to boost the online sales of Thai-sourced products. Thailand’s Ministry of Commerce has been promoting Thai products on the platform since August, which has brought in more than THB118 million (US$3.57 million) for mostly food and beverage items. The ministry has […]

CONTINUE READING

Retail Asia23/11/2018

South Korea’s Coupan, the fast-growing e-commerce firm, will receive an investment of US$2 billion from the SoftBank Vision Fund. The funding follows SoftBank Group’s initial investment of $1 billion in June 2015. The new round of capital will enable Coupang to continue investing in consumer-first technologies. Lydia Jett, partner at SoftBank Investment Advisers and a […]

CONTINUE READING

Retail Asia26/02/2018

Ecommerce platform Coupang has opened what it says is the largest Korean online toy store specialising in Steam (science, technology, engineering, arts and mathematics) education. The new theme store offers more than 390,000 Steam education items at low prices. Steam education refers to a creative teaching framework that integrates the five disciplines. It started as […]

CONTINUE READING

Retail Asia13/02/2018

E-commerce platform Coupang has opened an online store specialising in hanbok, Korean traditional clothing. Even babies and pets are catered for with the hanbok range, which also includes hanbok accessories such as hairbands, daenggi (ribbons for braided hair) and ggotshin (women’s shoes with flower patterns). As well as its hanbok store, Coupang has specialty stores […]

CONTINUE READING

Retail Asia30/11/2017

E-commerce platform Coupang has opened what it claims is Korea’s largest toy store. While the store specialises in puzzles, it features a catalogue of some 95,000 toys including jigsaw puzzles, 3D puzzles, cast metal puzzles, cubes and fidget toys. Coupang already offers a broad range of products at affordable prices through its specialty stores, including […]

CONTINUE READING

Retail Asia03/10/2016

South Korea kicked off a nationwide shopping event on Thursday with a variety of promotions, cultural and entertainment events to draw more shoppers at home and abroad and revive the sluggish domestic consumption. The massive shopping campaign called “Korea Sale Festa” runs until Oct. 9, involving major retailers, manufacturers and traditional markets, while cultural and […]

CONTINUE READING

Retail Asia14/09/2016

Coupang’s net sales more than doubled in the first half of the year, helping to validate SoftBank Group Corp.’s bet that the South Korean web retailer will carve out a piece of Asia’s booming e-commerce market. Net revenue rose to 868 billion won ($782 million) in the first half of the year, helped by retail […]

CONTINUE READING

Retail Asia21/05/2016

Jeff Bezos has no interest in bringing Amazon to the 51 million people in South Korea, and Bon Kim is the reason for that. Kim is the CEO of Coupang, the fastest growing e-commerce site of all time in South Korea. The startup, founded in 2010, grossed nearly $300 million in 2014 and is expected to […]

CONTINUE READING

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CALL US ANYTIME

Most read

Retail updates

Stay up to date of the lates updates and retail news from Asia.

X