SEOUL, Aug. 6 (UPI) -- South Korea's leading online retailer, Coupang, which is listed on the New York Stock Exchange, logged a record performance during the second quarter of this year.
The company announced Wednesday that its sales during the three-month period stood at $8.5 billion, up 16% from a year ago and operating income was $149 million. A year before, it suffered a loss.
Coupang said that the number of "active users" rose 10% to 23.9 million people. This means that they took advantage of the Coupang platform at least once to purchase products in April through June.
Coupang executives said the expected company would continue to expand through organic strategies in Korea and global markets, including Taiwan.
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