Coupang Surpasses $4.2 Billion in Q1 Sales, Up 74% Year-on-Year

[Asia Economy Reporter Kim Cheol-hyun] Coupang announced on the 13th that it recorded sales of $4,206.86 million in the first quarter of this year. In Korean won, this amounts to 4.7348 trillion won. This figure represents a 74% increase compared to the same period last year. This announcement is the first quarterly earnings disclosure since being listed on the New York Stock Exchange. However, the net loss also reached $295.033 million, equivalent to 332 billion won. This is a 180% increase compared to the previous year.

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