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Coupang Reschedules Third Quarter 2021 Results to November 12, 2021
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SEOUL, South Korea--(BUSINESS WIRE)--
In recognition of the U.S. Federal Holiday, Coupang, Inc. (NYSE: CPNG) is moving its originally scheduled earnings announcement for its third quarter ended September 30, 2021 from after U.S. market close on Thursday evening, November 11, 2021 to before market open on Friday morning, November 12, 2021. The earnings release will post after 6:00 AM Eastern Time and the webcast will begin at 7:00 AM Eastern Time.
These items will be available in the Investor Relations section of the company’s corporate website at https://ir.aboutcoupang.com.
About Coupang
Coupang is one of the largest e-Commerce companies in Asia, with a mission to revolutionize the everyday 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 next-morning delivery of groceries and general merchandise, delivery of prepared foods through Coupang Eats, and video streaming through Coupang Play. Coupang has offices in Beijing, Los Angeles, Seattle, Seoul, Singapore, Shanghai, Silicon Valley, Taipei, and Tokyo.
coupang is the world’s fastest growing e-commerce company and south korea’s answer to amazon. in only its fourth year, coupang boasts over 20mn subscribers and annual revenue run rate of over $2bn. it is the no. 1 player in mobile e-commerce in korea, which is a massive $50bn market opportunity. on top of that, in dec 2014, we raised $300mn in an investment led by blackrock blk private equity partners. it comes less than five months after we received $100mn in a round led by sequoia capital global equities and sequoia heritage venture funds, which then valued the company at more than $1bn.
