Coupang doesn’t plan to enter the Indian market, the company said, refuting a local media report that claimed that the South Korean e-commerce firm had expressed interest in entering the South Asian nation.
“Coupang has no plans to enter the Indian market,” a company spokesperson told TechCrunch in a statement.
India is one of the fastest growing e-commerce markets and is estimated to be toptechtrends.com/2023/05/25/bernstein-pegs-reliance-as-india-eventual-e-commerce-kingpin/” target=”_blank” rel=”noopener”>worth $150 billion in three to four years, according to wealth management and research firm Bernstein.
The Indian conglomerate Reliance is poised to outpace incumbents Amazon and Walmart-backed Flipkart in the race for the country’s e-commerce market, Bernstein projected in a scathing report to clients this month.
Coupang, the largest online marketplace in South Korea, has expanded to Japan and Taiwan in recent years.
toptechtrends.com/2023/05/30/coupang-india/”>Coupang says no plans to enter India by toptechtrends.com/author/manish-singh/”>Manish Singh originally published on toptechtrends.com/”>TechCrunch
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