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Coupang Announces Results for Second Quarter 2024

Net Revenues of $7.3 billion, up 25% YoY and 30% on an FX-neutral basis Gross Profit of $2.1 billion, up 41% YoY Product Commerce segment adjusted EBITDA of $530 million, up $122 million YoY, with a margin of 8.2% SEATTLE–(BUSINESS WIRE)– Coupang, Inc. (NYSE: CPNG) today announced financial results for its second quarter ended June 30, […]

Coupang’s Hualien Disaster Recovery and Philanthropy: Bringing Hope to Children in Need

In late May, Coupang donated hundreds of thousands of Taiwanese dollars to nursery schools to support disaster recovery following the Hualien earthquake in Taiwan. The donation followed a $2 million contribution to the Taiwan Ministry of Health and Welfare’s Disaster Relief Fund. Coupang also organized several events to help Taiwanese children make sense of natural […]

[Press Release] Coupang to Announce Second Quarter 2024 Results on August 6, 2024

SEATTLE–(BUSINESS WIRE)– Coupang, Inc. (NYSE: CPNG) will release its second quarter 2024 financial results on Tuesday, August 6, 2024 (Eastern Time). The release will be available after U.S. market close and an accompanying live webcast will begin at 5:30 PM Eastern Time the same day. The earnings release, presentation and webcast will be available at the […]

Finding unique opportunities to drive growth overseas

Uncovering top-performing items and focusing on holidays that differ from the U.S. calendar, ALLMAX Nutrition has achieved exceptional growth on Coupang. Today, Coupang accounts for more than half of ALLMAX Nutrition’s sales in Korea. ALLMAX Nutrition launched its business more than 20 years ago with a single product, Isoflex. Today, they sell nearly 200 different […]

Inventors Meetup Spring 2024

We are building the future of commerce with technology. Last year, the total number of global registered patents increased by more than 30% year-over-year and the rate of patent applications increased by more than 20%. To celebrate these achievements, we held the Inventors Meetup Spring 2024 on May 30. ‘Keynote Speech’ with Recognition from Leadership […]

Driving product innovation together to drive sales together

MusclePharm, owned by FitLife Brands, is a Sports Nutrition brand that has seen its sales on Coupang grow 3X over the past 5 years. Headquartered in Nebraska, the brand originally began selling in Korea through third-party distributors and online sellers. The brand resonated with Korean customers and the team believed selling directly through Coupang would […]

The Coupang Artificial Intelligence (AI) & Data Science students learned about

A few months ago, Coupang held an event to introduce data science technology to future data science engineers, called Coupang Day. Data science students from U.S. universities, including DePaul University and Indiana University were invited to tour the Icheon 2 Center (Fulfillment Center) and visit the Coupang Jamsil Office. Here’s a summary of the stories […]

Coupang Names Head of Product for the Microsoft AI Group and Former Meta and Instacart Executive Asha Sharma to Board of Directors

SEATTLE–(BUSINESS WIRE)– Coupang, Inc. today announced that it has appointed Asha Sharma, Corporate Vice President and Head of Product, AI Platform at Microsoft, to the company’s Board of Directors. Her prior executive leadership roles focused on building and scaling world-class consumer innovations at Meta and driving operational excellence at Instacart. “Asha’s deep product and practical AI […]

Investing in our growth by investing in our people

Coupang’s fulfillment center in Riverside, California is staffed by hundreds of employees and serves as the heart of our U.S. Cross Border Trade operation. Senior Program Manager, Andrew Aguiar, believes the secret to the facility’s success today and tomorrow is by developing those around him. After working in the logistics and warehousing industry for 15 […]