Wednesday, March 1, 2023

South Korean e-commerce giant Coupang reports Q4 revenue up 4.9% YoY to $5.33B and active customers up 1% YoY to 18.1M, both below estimates (Sohee Kim/Bloomberg)

Sohee Kim / Bloomberg:
South Korean e-commerce giant Coupang reports Q4 revenue up 4.9% YoY to $5.33B and active customers up 1% YoY to 18.1M, both below estimates  —  Coupang Inc., the South Korean e-commerce giant backed by SoftBank Group Corp., reported lower sales than analysts estimated, marring another profitable quarter for the company.



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EU Commission President Ursula von der Leyen calls AI "the second tipping point of our times", alongside climate change, and says its risks must be "addressed" (Financial Times)

Financial Times : EU Commission President Ursula von der Leyen calls AI “the second tipping point of our times”, alongside climate change...