Coupang

Retail Asia06/04/2016

“We should catch up to Coupang, accepting the risk of financial loss,” said Chung Yong-Jin, vice chairman of Shinsegae Group. “Coupang is taking away our customers in their 20s and 30s. Why are we just sitting on our hands and leisurely watching the exodus?” The JoongAng-Ilbo has recently reported that vice chairman Chung Yong-Jin of […]

Retail Asia18/03/2016

Korean online bookstores are pushing back their deadlines for same-day delivery, and jumping into the current delivery war that started when Coupang launched its ‘Rocket Delivery’ service. But while the bookstores’ new service is expected to attract more customers, concerns are rising over driver safety. Yes 24, the largest online bookstore in Korea, announced it will extend […]

Retail Asia10/03/2016

Coupang, the leading South Korean eCommerce operator, is expected to reveal mounting operating losses for 2015 as big investments in logistics capacity weighed on the financials of the startup company, industry sources said Thursday. Coupang is expected to log over 400 billion won (US$326.9 million) in losses when it files its 2015 audit report in mid-April […]

Retail Asia10/02/2016

Shinsegae Group says it will invest 4.1 trillion won ($3.4 billion) this year and hire 14,400 new staff to expand its retail business and revitalise the “sagging domestic economy”. “The overall retail sector has been struggling to deal with continued sluggish domestic consumption,” a Shinsegae Group official said. “But we decided to invest more and […]

Retail Asia16/11/2015

South Korean eCommerce giant Coupang will invest 1.5 trillion won (US$1.3 billion) by 2017 to hire 40,000 delivery people called ‘Coupang Men’, and increase its number of logistics centers from 14 to 21. This is a significantly larger-scale investment than the $1billion infusion attracted from Softbank, a Japanese IT company, in June. To strengthen its […]

Retail Asia21/09/2015

In a region where masses of users are newly armed with smartphones and more spending power, Southeast Asia is a new gold mine for tech enterprises. China’s quickly saturating market for all things tech has pushed Asia-bound start-ups to seek new territory, and global companies like Rakuten, eBay and Rocket Internet are vying over Southeast […]

Retail Asia07/06/2015

SoftBank Corp. and Coupang have announced a definitive agreement under which a subsidiary of SoftBank will invest $1 billion in Coupang, the largest and fastest growing standalone ecommerce player in Korea. The investment is expected to close at the beginning of July, and will bring the total amount of funding raised by Coupang over the […]

Tag: Coupang

Coupang Faces off against Retail Giant Shinsegae

Korean online bookstores in delivery war

Coupang losses mount

Shinsegae Group in massive expansion plan

Coupang plans $1.3 billion expansion

Korea more active than Japan in Southeast Asian tech

Korean Retailer Coupang Gets $1 Billion Investment