South Korea's Coupang posts 1st profit since going public

SoftBank-backed e-commerce company sees 7% increase in users

20221110N coupang truck and driver

Coupang has reached profitability after years of investing in infrastructure. (Photo courtesy of Coupang)

KOTARO HOSOKAWA, Nikkei staff writer

SEOUL -- South Korean e-commerce site operator Coupang on Thursday reported its first profit since going public as years of heavy investments in logistics facilities started to pay off.

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