| Market Capitalization (Millions $) |
27,507 |
| Shares
Outstanding (Millions) |
1,799 |
| Employees |
108,000 |
| Revenues (TTM) (Millions $) |
35,462 |
| Net Income (TTM) (Millions $) |
-767 |
| Cash Flow (TTM) (Millions $) |
-498 |
| Capital Exp. (TTM) (Millions $) |
1,326 |
Business Description
Coupang is a South Korean e-commerce company founded in 2010 by Bom Kim. The company offers a wide range of products including groceries, electronics, fashion and beauty products, home appliances, and more. Coupang has been described as the Amazon of South Korea and is considered one of the fastest-growing startups in the country.
Coupang started as a daily deals site but later transitioned to an e-commerce company. The company offers a lot of services to its customers such as next-day delivery, same-day delivery, and even instant delivery in certain areas. This is made possible by Coupang's own logistics network which is considered one of the largest in South Korea. Coupang operates its own warehouses and has over 15,000 fleet vehicles to deliver products.
The company's mobile app is another major point of emphasis for Coupang. It is considered one of the best e-commerce apps in the world, with features like visual search and product recommendations that help customers find products quickly and easily. The app has become a major factor in Coupang's success, with over 70% of its sales coming from mobile devices.
Coupang has raised over $3 billion in funding from investors, including SoftBank, Sequoia Capital, and BlackRock. In 2018, the company was valued at $9 billion after a successful funding round. It became the largest e-commerce company in South Korea, surpassing the market leader, Shinsegae.
The company has also made some strategic acquisitions to expand its business. In 2018, it acquired the streaming service provider, Piki, to build its own content and streaming services. The following year, it acquired the ride-hailing service, Starimg, to diversify its business and improve its logistics network.
Coupang has been recognized for its innovative and customer-focused approach to e-commerce. In 2015, it was named the Most Innovative Company in the world by Fast Company. In 2020, Coupang filed for an initial public offering (IPO) in the US in a bid to become a publicly traded company.
Overall, Coupang is a major player in the South Korean e-commerce market with a strong focus on technology and logistics. As the company continues to grow and expand, it remains focused on providing the best possible experience to its customers.
Company Address: 720 Olive Way Seattle 98101 WA
Company Phone Number: 333-3839 Stock Exchange / Ticker: NYSE CPNG
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