E-commerce & grocery
Rocket Delivery density is the benchmark for fulfilment economics in Asia.
NYSE: CPNG · South Korea · South Korea
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Coupang built Korean e-commerce around owned fulfilment centres and same-day Rocket Delivery, with Rocket Fresh grocery, Coupang Eats and Farfetch on top. Its cost per delivery and membership retention are the numbers rival Asian operators are judged against.
The Korean tuna processor agreed to acquire the 487,258-square-foot Hwaseong warehouse from Hines and Pebblestone Asset Management to expand its metropolitan distribution network.
South Korea’s chief trade negotiator, Yeo Han-koo, has been dismissed from his position. This development comes as Seoul faces increasing tariff demands from the United States, alongside ongoing trade disputes and investment commitments.
Coupang, the South Korean e-commerce giant, reported a revenue of US$8.9 billion and a loss of $570 million for the second quarter. The loss is a significant reversal from the same period last year, which saw an operating income of $149 million and a marginal…
E-commerce heavyweight, Coupang, experienced a marked downturn in the second quarter, with a considerable net loss despite an uptick in sales. This negative financial impact was primarily due to substantial penalties linked to a massive data breach in South…
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