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September 01, 2020 1:29pm
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South Korean E-Commerce Giant Coupang Reports Record Profits

South Korean e-commerce company Coupang reported the highest gross profit and gross profit margin in its history this week, helping it achieve profitability in one of its core segments. Total gross profit was $1.04 billion, up 42% from the year earlier, and the gross profit margin improved over 450...
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