Coupang bets on Farfetch turnaround while rivals gain ground

South Korean e-commerce powerhouse Coupang has reported another strong fiscal year, with robust revenue growth and strategic acquisitions shaping its trajectory. The company posted a 24 per cent year-over-year increase in revenue, reaching $30.3 billion in 2024.  Meanwhile, annual net income stood at $154 million, reflecting a $1.2 billion decline from the prior year. However, when adjusting for one-off items such as the fire insurance gain, the Korea Fair Trade Commission administrative fi

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