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Coupang's 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 the top rank or at least in a position to pose a threat to the No. 1 player in the market.

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 Korea's rapidly-expanding food delivery service market. Yogiyo's 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) on Android smartphones skyrocketed by 70 percent to 1.26 million last November compared to 748,0...