Coupang

Coupang Completes Acquisition of Farfetch

Retrieved on: 
Wednesday, January 31, 2024
Footwear, Specialty, Supply Chain Management, Food, Beverage, Online Retail, Fashion, Luxury, Retail, Coupang, Acquisition

Coupang, Inc. announced today that it has completed the acquisition of the assets of global online luxury company Farfetch Holdings plc.

Key Points: 
  • Coupang, Inc. announced today that it has completed the acquisition of the assets of global online luxury company Farfetch Holdings plc.
  • By providing access to $500M in capital, this acquisition allows Farfetch to continue delivering exceptional services for its brand and boutique partners, and to more than four million customers around the world.
  • By leveraging Coupang’s operational excellence and innovative logistics, Farfetch is now well-positioned to pursue steady and thoughtful growth.
  • Its mission is to revolutionize the lives of its customers and create a world where people wonder, “How did we ever live without Coupang?” Coupang offers a variety of services, including same-day and dawn delivery of merchandise, delivery of prepared foods through Coupang Eats, fintech through Coupang Pay, and video streaming through Coupang Play.

Coupang to Acquire the Business and Assets of Farfetch Holdings, Bringing the Future of Commerce to the $400B Global Personal Luxury Goods Segment

Retrieved on: 
Monday, December 18, 2023
Footwear, Specialty, Supply Chain Management, Food, Beverage, Online Retail, Fashion, Luxury, Retail, Acquisition, NYSE, Commerce, Fortune 500, Cryptocurrency, Coupang

Coupang, Inc. (NYSE: CPNG), a leading global retailer, today announced plans to acquire the business and assets of Farfetch Holdings plc, a top online luxury company.

Key Points: 
  • Coupang, Inc. (NYSE: CPNG), a leading global retailer, today announced plans to acquire the business and assets of Farfetch Holdings plc, a top online luxury company.
  • This acquisition positions Coupang as a leader in the $400 billion global personal luxury goods segment.
  • Coupang is also uniquely positioned to unlock Farfetch’s tremendous value for the vast personal luxury goods segment in South Korea, which has the world’s highest per-capita spending on personal luxury goods.
  • “Farfetch is a landmark of the luxury landscape and has been a transformative force in demonstrating that online luxury is the future of luxury retail,” said Bom Kim, Founder & CEO of Coupang.

Optimization AI SaaS, Hackle Accelerates Global Presence Through AWS Partnership

Retrieved on: 
Thursday, November 23, 2023
Data Management, Technology, Software, Networks, Artificial Intelligence, Internet, Olive, Amazon Web Services, Organization, ROI, AIAA Journal, Multimedia, LG, Consultant, Coupang, Partnership, EDP, Growth, Microsoft, Knowledge, AWS, Sales, Hackle, Amazon

Hackle, a South Korean Optimization AI SaaS, announced that it has been selected as a partner in the Amazon Web Services (AWS) ISV Accelerate Program, today.

Key Points: 
  • Hackle, a South Korean Optimization AI SaaS, announced that it has been selected as a partner in the Amazon Web Services (AWS) ISV Accelerate Program, today.
  • Through AWS Marketplace, companies adopting Hackle can enjoy benefits such as integrated billing discounts and credit payments.
  • Changhak Sunwoo, the CEO of Hackle, said, “Hackle is expanding from the Korean market to establish a presence in the global sphere.
  • Through the partnership with AWS, we will actively leverage the secured global network of AWS to systematically target the global market.”
    He highlighted, “The Hackle team has focused on addressing the client’s needs to use data in more effective ways.

VCAT's AI Video Production Technology Secures Prestigious CES 2024 Innovation Award

Retrieved on: 
Thursday, November 16, 2023
Chicago Innovation Awards, SAN, CES, Lotte Confectionery, Marketing, Advertising, Social media, Automation, L'Oréal, Coupang, VCAT, SSG, AI, Jong, Gmarket, Medical device, Online shopping, Naver

SAN JOSE, Calif., Nov. 16, 2023 /PRNewswire/ -- In a groundbreaking achievement, VCAT.AI (hereinafter referred to as, VCAT), the cutting-edge AI service revolutionizing advertising content creation, has clinched the coveted "Innovation Award" in the AI category at CES 2024.

Key Points: 
  • SAN JOSE, Calif., Nov. 16, 2023 /PRNewswire/ -- In a groundbreaking achievement, VCAT.AI (hereinafter referred to as, VCAT), the cutting-edge AI service revolutionizing advertising content creation, has clinched the coveted "Innovation Award" in the AI category at CES 2024.
  • VCAT's triumph at CES 2024 underscores the global acclaim for its generative AI technology.
  • Jong Bom-jin, VCAT's CEO, emphasized the transformative impact of AI on marketing materials production, asserting that AI has surpassed human productivity in this domain.
  • With these forthcoming services, customers can seamlessly navigate everything from material production to deploying VCAT-generated content across various marketing platforms.

Coupang Announces Results for Third Quarter 2023

Retrieved on: 
Tuesday, November 7, 2023
Food, Beverage, Online Retail, Fashion, Retail, Footwear, EBITDA, Yoy, Growth, Commerce, EPS, Investment, FX, NYSE, International, FLC, Bookkeeping, Fintech, Coupang

Coupang, Inc. (NYSE: CPNG) today announced financial results for its third quarter ended September 30, 2023.

Key Points: 
  • Coupang, Inc. (NYSE: CPNG) today announced financial results for its third quarter ended September 30, 2023.
  • The accounting change in FLC revenue this quarter had a positive 140 bps impact.
  • Adjusted EBITDA for the quarter was $239 million with a margin of 3.9%, an improvement of 10 bps over last year.
  • “Our unrelenting focus on the customer experience and operational excellence drove record results again this quarter,” said Bom Kim, Founder and CEO of Coupang.

Coupang to Announce Third Quarter 2023 Results on November 7, 2023

Retrieved on: 
Tuesday, October 24, 2023
Other Retail, Entertainment, Online, Other Entertainment, Food, Beverage, Fashion, Footwear, Retail, Online Retail, NYSE, Eastern Time Zone, Webcast, Eastern, Film industry, Broadcasting, Coupang

Coupang, Inc. (NYSE: CPNG) will release its third quarter 2023 financial results on Tuesday, November 7, 2023 (Eastern Time).

Key Points: 
  • Coupang, Inc. (NYSE: CPNG) will release its third quarter 2023 financial results on Tuesday, November 7, 2023 (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 Coupang Investor Relations website, https://ir.aboutcoupang.com .
  • Following the call, a replay and related transcript will be available at the same website.

Coupang Announces Results for Second Quarter 2023

Retrieved on: 
Tuesday, August 8, 2023
Footwear, Fashion, Online Retail, Entertainment, Retail, Online, Food, Beverage, Coupang, FLC, Yoy, EPS, EBITDA, International, NYSE, FX, Internet service provider, Fintech

Coupang, Inc. (NYSE: CPNG) today announced financial results for its second quarter ended June 30, 2023.

Key Points: 
  • Coupang, Inc. (NYSE: CPNG) today announced financial results for its second quarter ended June 30, 2023.
  • The revenue growth rate would have been an estimated 300 bps higher than the 21% growth rate without the accounting change this quarter in FLC revenue, which is now recorded on a net basis starting in Q2 2023.
  • The accounting change in FLC revenue this quarter had a positive 100 bps impact.
  • Developing Offerings segment (including International, Coupang Eats, Play and Fintech) adjusted EBITDA was negative $107 million.

Goodwater Raises Over $1 Billion to Support Consumer Technology Startups Globally

Retrieved on: 
Wednesday, July 26, 2023
Goodwater, Alabama, MasterClass, Human, Food, Housing, Partnership, Education, Goodwater, Saskatchewan, Like a Boss (film), E-commerce, Activision Blizzard, Acquisition, Investment, SE, Growth, Transport, KPI-driven code analysis, Cryptocurrency, Video game, Southeast Asia, Spotify, Coupang, Toss

BURLINGAME, Calif., July 25, 2023 /PRNewswire/ -- Goodwater, the largest venture capital fund exclusively focused on consumer tech investments, announced today that it has raised over $1 billion across its family of early and growth stage funds. With this raise, Goodwater accelerates its mission to empower exceptional entrepreneurs everywhere to change the world for good. With a clear consumer tech focus and global reach, the firm has backed 79 early and growth stage startups in 19 countries around the world. Founded in 2014 by industry veterans Chi-Hua Chien and Eric Kim, the firm now manages over $3.3B in committed capital and continues to scale as much of the venture industry is slowing.

Key Points: 
  • "During a tough time in the market we are ready to support the very best early and growth stage consumer tech startups with $1 billion of fresh capital.
  • Goodwater has established itself as a leader in consumer technology venture capital with a proven track record of successful investments.
  • Goodwater provides tactical, hands-on support to companies solving problems common to consumer-tech startups including:
    How do I acquire customers?
  • To join the largest consumer tech platform dedicated to serving founders and teams globally, reach out at [email protected] .

Coupang to Announce Second Quarter 2023 Results on August 8, 2023

Retrieved on: 
Tuesday, July 25, 2023
Delivery Services, Online Retail, Retail, Technology, Audio, Video, Internet, Food, Beverage, Webcast, Eastern, NYSE, Eastern Time Zone, Film industry, Broadcasting, Coupang

Coupang, Inc. (NYSE: CPNG) will release its second quarter 2023 financial results on Tuesday, August 8, 2023 (Eastern Time).

Key Points: 
  • Coupang, Inc. (NYSE: CPNG) will release its second quarter 2023 financial results on Tuesday, August 8, 2023 (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 and webcast will be available at the Coupang Investor Relations website, https://ir.aboutcoupang.com .
  • Following the call, a replay and related transcript will be available at the same website.

Introducing Avoli: The First Brand Dedicated Exclusively to Women and Girl Volleyball Athletes

Retrieved on: 
Monday, June 12, 2023
Children, Sports, Women, Volleyball, Fashion, Retail, Family, Generation Z, Consumer, Teens, Footwear, Greycroft, Lululemon Athletica, NeXT, NCAA, TSG Consumer Partners, NFHS, Media, Woman, Physiology, Multimedia, Silicon Graphics, Athlete, Silicon, Dutch Bros. Coffee, National Federation of State High School Associations, Fidelity, Partner, Investment, Running, Memorial Stadium, Secondary school, 43 North, Bain, Father, Bain & Company, Market, Nike, Kenya Institute of Media and Technology, Growth, Shoe, Backcountry.com, BrewDog, VC, Coupang, Roblox, Adidas, Sports equipment, Fanaticism

Avoli, the first, and only, athletic brand dedicated exclusively to the performance needs and aspirations of women and girl volleyball athletes, today announced its official launch with the support of notable investors who recognize the brand’s tremendous potential in the rapidly expanding landscape of girls’ volleyball.

Key Points: 
  • Avoli, the first, and only, athletic brand dedicated exclusively to the performance needs and aspirations of women and girl volleyball athletes, today announced its official launch with the support of notable investors who recognize the brand’s tremendous potential in the rapidly expanding landscape of girls’ volleyball.
  • All this rapid growth has sparked interest in the development of professional leagues, including the Pro Volleyball Federation, Athletes Unlimited and League One Volleyball.
  • Shane Stent, High School and Club Volleyball Coach, Silicon Valley
    These distinguished investors bring a wealth of experience, industry insights and strategic guidance that will help propel Avoli towards its mission – helping women and girl volleyball athletes realize their full potential.
  • Avoli will launch a sales and marketing campaign in July featuring top collegiate volleyball athletes to unveil its first product, a made-for-women volleyball shoe.