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Kai

Program Manager

07/10 12:30

酷澎的增長策略可在海外複製嗎? Coupang's Big Bet on Taiwan
酷澎積極進軍台灣市場。透過類似亞馬遜和好市多的策略,包括大規模購買商品、生產自有品牌、降低商品售價等,嘗試翻轉台灣本土電商市場。各位消費者們,你們喜歡實體購物還是網路購物呢? 台灣的網路購物體驗,最喜歡哪一家的服務?
Coupang plans to use Taiwan as a starting point to replicate its same-day delivery success in South Korea and expand this strategy to Southeast Asia.
Coupang, a South Korean e-commerce company, said it will accelerate its investments in Taiwan after posting four consecutive quarter profits. The company was the most downloaded app in Taiwan in the second quarter of this year.
"Taiwan is another investment that far exceeds our expectations," Coupang CEO Bom Kim said in a conference call. "We always believed that the transformative retail experience we enabled in Korea could delight customers worldwide. We see how this plays out in Taiwan."
Coupang's next-day delivery service, Rocket Delivery, has grown faster in Taiwan in the 10 months since its launch than Rocket Delivery in Korea in the first 10 months. The company has allocated around $400 million for investment in Taiwan this year.
The move comes months after Coupang suspended operations in Japan in March and denied rumors that it was planning to launch in India in May.
Coupang investment for growths
To provide rapid delivery services to Southeast Asian countries, it is understood that Coupang (NYSE:CPNG) has established a logistics center in the northern part of Taiwan.
In addition to its rocket delivery service within Taiwan, Coupang has also launched a cross-border online shopping service, allowing Taiwanese consumers to purchase goods from South Korea directly.
Seeking to replicate the success of the Korean market in Southeast Asia
Coupang's founder, Kim Bom-seok (English name Bom Kim), is working hard to expand its business in the United States and Southeast Asian countries, mainly replicating its success in South Korea. This includes its iconic same-day rocket delivery service.
Coupang's Growth Strategy in Taiwan
CEO Kim Ban-seok has announced that this year, he will invest 400 million US dollars (approximately 12.7 billion New Taiwan dollars) in mid-term projects (Developing Offerings), with the Taiwanese market being the primary focus of the investment.
What is the portion of Coupang's $400 million investment to Taiwan? This question can be answered by comparing the capital expenditures of Fubon Media (Momo Shopping) and PChome Online.
In 2022, The leading e-commerce platform Momo's holding company Fubon Media's capital expenditure was $210 million in 2023, mainly for constructing logistics centers, delivery fleets, and other infrastructure.
Meanwhile, The second largest e-commerce platform, PChome's A7 logistics center, which began trial operations earlier this year, is expected to have a total investment of $68 million.
Coupang has yet to disclose how this $400 million dollars will be allocated. Still, if one-third of it is allocated to the Taiwanese market's development, it already exceeds Momo's capital expenditure in 2022.
The Taiwanese market is becoming increasingly important for Coupang, indicating that this ECommerce giant is vying for the business behind two major e-commerce platforms, Momo Shopping and PChome 24h, prioritizing rapid delivery. Coupang, often called the Korean version of Amazon, had to pivot quickly when it faced challenges delivering fresh produce within 10 minutes.
Founded in South Korea in 2010, Coupang invested heavily in building warehousing and logistics equipment and its fleet of delivery vehicles.
Today, it has over 100 logistics centers in over 30 cities across South Korea, covering over 47 million square meters. In South Korea, which is approximately 2.76 times the size of Taiwan, Coupang's same-day delivery rate reaches 99%. This is the widely recognized "Rocket Delivery" service that Coupang is known for.
In 2021, Coupang debuted, initially touting its "10-minute fast delivery" as its most significant selling point, and began operating in the fresh food e-commerce market. Fresh food e-commerce was booming during the pandemic, with delivery platforms and physical supermarkets all making significant inroads. Coupang's 10-minute delivery promise was the fastest in the fresh food e-commerce industry at the time. This move shows Coupang's ambition to continue its "fast" feature in South Korea.
參考資料
2. Coupang's Big Bet on Taiwan: What Are the Key Drivers of Growth?
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知識貓星球

喵星人

1小時前

十個財報分析常用英文詞彙整理
在財報分析中,了解常見的英文詞彙有助於分析師和投資者更精確地解讀公司財務狀況。以下是十個財報分析中經常使用的英文詞彙,並附上相應的中英文例句,幫助讀者更好地掌握這些專業術語的用法!
1. Revenue
• 解釋:營收,指公司在一段時間內的總收入。
• 例句:The company's revenue grew by 10% compared to last year.
公司的營收相比去年增長了 10%。
• 例句:Revenue from online sales has exceeded expectations this quarter.
本季度的線上銷售收入超出預期。
2. Net Income
• 解釋:淨利潤,指扣除所有成本和支出後的盈利。
• 例句:The company reported a net income of $5 million for the fiscal year.
公司報告本財年的淨利潤為 500 萬美元。
• 例句:High operating costs negatively affected the net income this quarter.
高運營成本對本季度的淨利潤產生了負面影響。
3. Gross Margin
• 解釋: 毛利率,指毛利與總收入的百分比。
• 例句:The gross margin improved due to lower production costs.
由於生產成本降低,毛利率有所改善。
• 例句:A higher gross margin indicates better profitability for the company.
更高的毛利率顯示出公司更強的盈利能力。
4. Operating Expenses
• 解釋: 營運費用,指企業運營過程中的成本,如薪資、租金等。
• 例句:Operating expenses have increased due to higher marketing costs.
由於行銷成本上升,營運費用有所增加。
• 例句:The company is working on reducing operating expenses to improve profitability.
公司正在努力降低營運費用以提高盈利能力。
5. Cash Flow
• 解釋: 現金流,指企業在一段時間內的資金流入和流出情況。
• 例句:Positive cash flow is essential for maintaining day-to-day operations.
積極的現金流對於維持日常運營至關重要。
• 例句:The company is facing a cash flow problem due to delayed payments from clients.
由於客戶付款延遲,公司面臨現金流問題。
6. Debt-to-Equity Ratio
• 解釋: 負債股權比,衡量企業資本結構中負債與股東權益的比例。
• 例句:A high debt-to-equity ratio may indicate financial risk.
高負債股權比可能表示財務風險。
• 例句:The company reduced its debt-to-equity ratio by paying off some loans.
公司通過償還部分貸款降低了負債股權比。
7. Earnings Per Share (EPS)
• 解釋: 每股收益,表示每股普通股能分配到的盈利。
• 例句:The company’s EPS has increased significantly this year.
公司的每股收益今年顯著增加。
• 例句:Investors closely monitor EPS to evaluate a company’s profitability.
投資者密切關注每股收益以評估公司的盈利能力。
8. Operating Income
• 解釋: 營業收入,指企業在扣除營業成本後的盈利。
• 例句:Operating income rose by 8% due to strong sales performance.
由於銷售表現強勁,營業收入上升了 8%。
• 例句:Higher operating income reflects better management efficiency.
更高的營業收入反映了更好的管理效率。
9. Return on Equity (ROE)
• 解釋: 股東權益報酬率,衡量股東投資的回報率。
• 例句:The company’s ROE has consistently outperformed the industry average.
公司的股東權益報酬率一直高於行業平均水平。
• 例句:A high ROE indicates that the company is using its equity efficiently.
高股東權益報酬率表明公司有效利用了其股東權益。
10. Forecast
• 解釋: 預測,通常用於描述未來的財務表現或市場趨勢。
• 例句:Analysts forecast a 15% increase in revenue for the next quarter.
分析師預測下一季度的營收將增長 15%。
• 例句:The company's financial forecast looks optimistic for the coming year.
該公司對明年的財務預測看起來相當樂觀。
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