SoftBank’s Onetime Pizza-Robot Darling Shuts DownRead more

Briefing
asia e-commerce

SoftBank-Backed Coupang Reports Wider Than Expected Loss

By
Wayne Ma
· · Source: The Information

Coupang, the SoftBank-backed e-commerce company based in South Korea, reported a wider than expected net loss for the first quarter due to higher expenses. The net loss threatens to erase some of the gains SoftBank reaped from Coupang’s successful initial public offering in March. SoftBank reported blockbuster earnings yesterday, though its gains were based on share prices from its public...

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