SOUTH KOREAN AMAZON3 minutes ago
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The 2nd place largest online retailer in South Korea, Coupang's annual revenue exceeds US$5.9 billion. The company's Rocket Delivery network provides same-day or next-day delivery of more than five million unique items. Coupang claims that 99.6 percent of its orders are delivered within 24 hours.
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.It is incorporated in Delaware, United States.
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.
In November 2018, Coupang received a US$2 billion investment from SoftBank . Other major investors in Coupang include BlackRock and Fidelity.
The company has grown during the COVID-19 pandemic with increased demand for online shopping. In July 2020, Coupang acquired assets of Singaporean streaming service HOOQ to form the nucleus of its streaming service named Coupang Play.
Coupang had its IPO on the New York Stock Exchange on 11 March 2021.
