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UPDATE 3-SoftBank-backed Coupang reveals revenue surge ahead of U.S. IPO - Vimarsana News

UPDATE 3-SoftBank-backed Coupang reveals revenue surge ahead of U.S. IPO

路透新闻部 (Adds potential valuation in IPO, paragraph two) Feb 12 (Reuters) - South Korean e-commerce giant Coupang Inc, backed by Japan’s SoftBank Group Corp, on Friday filed to go public on the New York Stock Exchange, hoping to cash in on strong demand for high-growth tech stocks as it reported a near-doubling of annual revenue and narrowing losses. Coupang is aiming for a valuation of around $50 billion in its U.S. initial public offering (IPO), according to a person familiar with the matter. This would make it the largest IPO in New York by a company based outside the United Stat...

SoftBank-backed Coupang reveals revenue surge ahead of US IPO - Vimarsana News

SoftBank-backed Coupang reveals revenue surge ahead of US IPO

South Korean e-commerce giant Coupang Inc, backed by Japan's SoftBank Group Corp, on Friday filed to go public on the New York Stock Exchange, ...

SoftBank Group-backed Coupang reveals revenue surge ahead of US IPO - Vimarsana News

SoftBank Group-backed Coupang reveals revenue surge ahead of US IPO

Read more about SoftBank Group-backed Coupang reveals revenue surge ahead of US IPO on Business Standard. In its filing, Coupang said 2020 total revenue jumped 91% to $11.97 billion from a year earlier, and net loss narrowed to $474.9 million from $698.8 million in the same period

SoftBank-backed Coupang reveals revenue surge ahead of U.S. IPO - Vimarsana News

SoftBank-backed Coupang reveals revenue surge ahead of U.S. IPO

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/softbank-backed-coupang-reveals-revenue/"></div>(Reuters) – South Korean e-commerce giant Coupang Inc, backed by Japan’s SoftBank Group Corp, on Friday filed to go public on the New York Stock Exchange, hoping to cash in on strong demand for high-growth tech stocks as it reported a near-doubling of annual revenue and narrowing losses. Coupang is aiming for a valuation of […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced ...

Source: metro.us
Coupang dives into video-streaming service - Vimarsana News

Coupang dives into video-streaming service

By Kim Yoo-chul Coupang, Asia's leading e-commerce company, said Tuesday it has added video streaming as its latest offering for its WOW service members with the launch of Coupang Play. At no extra cost, subscribers to Coupang's premium membership service can enjoy unlimited video streaming on top of existing benefits, the company said. These include access to its Rocket Fresh service for groceries, free shipping and returns, same-day delivery and even Dawn Delivery, which enables customers who place orders as late as midnight to receive their deliveries by 7 a.m. the next day. Coupang Play ...