Page 16 - Coupang Eats News Today

Coupangs looming IPO adds pressure on rival Delivery Hero

South Korean e-commerce giant Coupang Inc. is seeking to have its stocks listed on the New York Stock Exchange.In the documents submitted to the US Securities and Exchange Commission on Friday, Coupang revealed its plan to sell an unspecified ...

Yogiyo, eBay struggling to find new owners Posted : 2021-02-04 09:13 Updated : 2021-02-04 13:14 Scooters for delivering orders placed on Yogiyo, the No. 1 food delivery service, are parked in front of its office in Seoul last June. / Yonhap By Kim Jae-heun Yogiyo, operated by Delivery Hero, and eBay Korea have drawn attention since they were put up for sale early this year. They have the second largest shares of their markets and acquiring these two brands could instantly elevate buyers to t...

Koreans spend over $10.9 billion on food delivery services in 2020

Coupang Eats hot on heels of rival Yogiyo Posted : 2021-01-14 09:16 By Kim Jae-heun Coupang Eats is hot on the heels of Yogiyo, threatening to overtake its rival for the number two spot in Koreas rapidly-expanding food delivery service market. Yogiyos market share stands at 18 percent, down from a 20-percent high recently. Coupang Eats, on the other hand, has increased its market share from 5 percent to 10 percent. According to big data firm IGAWorks, Coupang Eats monthly active users (MAU)...

Coupang Eats to implement new rider management policy

Delivery Hero gets $4b Woowa deal approval, must sell South Korean unit Reuters, Seoul/Munich Reuters, Seoul/Munich Germanys Delivery Hero will sell South Korean food delivery app Yogiyo as part of the conditions for regulatory approval of its $4 billion takeover of top South Korean food delivery app owner Woowa Brothers. The sale clears a major hurdle for Delivery Hero in gaining the dominant position in the worlds third-largest online food deliver...

Coupang and Naver named as strong candidates to acquire Yogiyo Posted : 2020-12-29 17:13 Updated : 2020-12-29 19:45 Scooters of Delivery Heros food delivery business Yogiyo are parked in front of a restaurant in Seoul on June 2. / Korea Times file By Kim Jae-heun Coupang and Naver have emerged as strong candidates to take over Yogiyo, the countrys No. 2 food delivery player, after the top antitrust watchdog ordered Delivery Hero to sell the delivery service. The Korea Fair Trade Commission (...

Delivery Hero decides to sell Korean unit Posted : 2020-12-28 16:56 By Nam Hyun-woo Fair Trade Commission (FTC) Chairwoman Joh Sung-wook speaks during a press conference on the conditional approval of Delivery Heros acquisition of Woowa Brothers at the antitrust agencys headquarters in Sejong, Monday. Courtesy of FTC Delivery Hero (DH), a German food delivery service firm, said Monday it will accept the Fair Trade Commissions (FTC) conditional approval for its acquisition of Koreas top food d...

[Newsmaker] Delivery Hero to sell Yogiyo under watchdog’s antitrust policy DH chooses to ditch runner-up apps to acquire market champion Baemin | The Fair Trade Commission Chairperson Joh Sung-wook. (FTC) Germany-based Delivery Hero will concede its food delivery services Yogiyo as a cost of acquiring Woowa Brothers, the operator of market champion app Baemin, officials said Monday. The apparently reluctant decision came after South Korea’s antitrust watchdog disapproved the monopolistic ...