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Coupang Logs 3-Fold Jump in 2015 Sales

Coupang Logs 3-Fold Jump in 2015 Sales

SEOUL, April 14 (Korea Bizwire) – Coupang, South Korea’s leading e-commerce operator, said Thursday its sales jumped more than three-fold in 2015 thanks to its delivery service, but its operating loss widened due to big investments in logistics capacity. Coupang posted 1.13 trillion won (US$ 976.66 million) in sales last year, becoming the first social commerce [...]

Coupang Goes ‘All In’ on Rocket Deliveries

Coupang Goes ‘All In’ on Rocket Deliveries

SEOUL, Nov. 4 (Korea Bizwire) – E-commerce giant Coupang has announced that it will be investing 1.5 trillion won by 2017 to hire 40,000 delivery people called ‘Coupang Men’, and increase its number of logistics centers from 14 to 21. This is a significantly larger-scale investment than the 1 billion dollar infusion attracted from Softbank, [...]

Descartes Signs Agreement with SAP to Enhance Transportation Management Connectivity, Collaboration and Regulatory Compliance

Descartes Signs Agreement with SAP to Enhance Transportation Management Connectivity, Collaboration and Regulatory Compliance

WATERLOO, Ontario, Jul. 29 (Korea Bizwire) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, today announced that it has signed a software development cooperation agreement with SAP SE (NYSE:SAP). The partnership provides customers with an end-to-end business-content network for logistics collaboration and connectivity by creating a logistics message [...]