[TechCrunch] Korean E-commerce firm Coupang gets $1b investment from SoftBank

June 9, 2015
Coupang CEO Bom Kim (Forbes screen capture)

Coupang CEO Bom Kim (Forbes screen capture)

[TechCrunch] Just days after upping its stake in billion dollar gaming startup Supercell, the Japanese telecom giant revealed it is investing a cool $1 billion in Korea’s top e-commerce firm Coupang.

Coupang, which is roughly ‘Korea’s Amazon’ for those who like East-to-West comparisons that don’t quite fit, raised a lot of money last year. Sequoia put in $100 million in May at a $1 billion valuation, while Blackrock added $300 million more in December.

Neither Coupang nor SoftBank confirmed a valuation, however a source close to the deal told TechCrunch that the round values the Korean company at $5 billion.

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