SEOUL -- Coupang has become South Korea's leading e-commerce company by emulating Amazon's business model. Now as its lackluster stock price signals investor skepticism, the company is again turning to a tactic well-tested by the U.S. giant: raising membership fees to improve its earnings.
Coupang reported a consolidated operating loss of $205 million for the first quarter, an improvement from $267 million in red ink a year ago. Revenue jumped 22% to $5.11 billion.
re.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
