Coupang

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

Coupang
Online shopping
Founded2010 (2010)
FounderBom Kim 
HeadquartersSeoul, South Korea
Key people
Bom Kim
Number of employees
10,000[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, New York, and Seattle.[4]

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 his first year.

In November 2018, Coupang received a US$2 billion investment from SoftBank.[5] Other major investors in Coupang include BlackRock and Fidelity.[6]

In July 2020, Coupang acquired Singaporean streaming service HOOQ.[7]

References
  1. Won, Ho-jung (November 19, 2017). "Coupang highlights creativity, openness in its new office". The Korea Herald. Retrieved January 5, 2020.
  2. Cho, Hyee-Su (April 15, 2019). "Coupang posts 65% on-year growth in revenue". The Korea Herald. Retrieved September 8, 2019.
  3. 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.
  4. "Korean e-commerce unicorn Coupang hires Walmart's former global chief compliance officer". TechCrunch. Retrieved 2019-09-08.
  5. Jung-a, Song (January 1, 2019). "Etailers battle to win 'Amazon of South Korea' crown". Financial Times. Retrieved September 8, 2019.
  6. "Investors Continue to Back Coupang Despite Operating Losses". 비즈니스코리아 - BusinessKorea (in Korean). 2018-05-15. Retrieved 2019-09-09.
  7. "SoftBank-Backed Coupang Buys Hooq Assets to Take on Netflix". Bloomberg. 2020-07-09. Retrieved 2020-07-14.
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