SEOUL, May 13 (UPI) — South Korean e-commerce giant Coupang announced it had narrowed a loss in the first quarter of this year, thanks to record sales.
The Seoul-based company, which went public in the United States last year, said Thursday its first-quarter revenue amounted to $5.1 billion, up 22% from a year ago, to net $209 million of a loss, down 29%.