Business model:
South Korean media reported that under the leadership of BOM Kim, the founder and CEO of the company, Coupang's turnover reached 1. 1 billion US dollars, an increase of 28 times compared with the same period in 20 13 years.
The main reason is that they spent a lot of money to build a large-scale operation facility in Incheon. They bought nearly 1000 trucks and hired about 5000 order delivery personnel. They are called "Couangman".
Financing acquisition:
In 20 14, Coupang Korean e-commerce enterprise * * * completed two rounds of financing, and the two rounds of financing * * * obtained $400 million. Investors include American private funds such as BlackRock and Sequoia Capital.
On May 15 and 12, both Softbank and Voucher were conducting due diligence procedures. Softbank will buy a 20% stake in Coupon with an investment of10 billion US dollars, which means Coupon's valuation has reached 5 billion US dollars.