SoftBank-backed Coupang's operating loss shrinks in 2019 as e-commerce surges

Coupang Corp, one of South Korea’s biggest e-commerce firms, said on Tuesday its operating loss shrank by a third last year, helped by a 64% climb in revenue as it expanded its customer base and online demand for home appliances and groceries surged.

The SoftBank-backed company has seen sales jump, even more, this year as demand spikes amid the coronavirus pandemic.

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