Coupang posts 20% quarterly sales growth, driven by strong performance in Taiwan

Coupang posted 12.8 trillion won ($8.87 billion) in sales for the third quarter on Wednesday, up 20 percent from a year earlier, driven by strong growth in Taiwan where revenue jumped 31 percent. The country’s largest e-commerce platform operator has now achieved 20 percent quarterly sales growth for three consecutive quarters, underscoring its robust performance both at home and abroad. Contributing factors include Coupang’s continued investment in enhancing its logistics and fulfillment systems, as well as improving convenience for online vendors on its platform. The company’s physical expansion of logistics facilities in Taiwan, where it offers its Rocket Delivery service, also played a key role in boosting sales in the country. Founder and CEO Bom Kim said during a conference call that Coupang increased the number of vendors and brands participating in Rocket Delivery during the past quarter, but added that most of the products in the service’s catalog are still not supplied directly by their producers. “There’s still a tremendous runway ahead. Many products in our first-Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times