Apple signs a Deal with Coupang, Korea's Largest online Retailer in South Korea with more than 25 million active users
It was reported by CNBC back in April 2018 that Coupang, the $5 billion South Korean start-up, was an Amazon killer. Coupang is the largest online retailer in South Korea, with more than $3 billion in annual sales. The company said at the time that half of South Korea's 51 million people have downloaded its mobile app.
Today we're learning that Coupang has signed a deal to become an authorized online reseller of Apple products. Below is CNBC's interview with Coupang's founder and CEO Bom Kim.
Coupang confirmed that "Apple products, such as iPad Pro, new MacBook models and Apple Watch Series 4, can be found in Coupang's Apple Brand Store where customers can use our one-touch payment and receive fast delivery."
Under the deal, Coupang customers can receive Apple devices within 24 hours through Coupang's Rocket Delivery free-next-day service.
Given that the e-commerce firm has sold more than 120 million items, and millions of retail items are available for guaranteed one-day delivery, the firms said Coupang is an ideal distribution channel for customers and Apple.
The company's senior vice president Navid Veiseh said that "Coupang will be an attractive purchase channel for customers who love or want to experience Apple products. We will continue to expand the range of premium electronics brands like Apple, which, when combined with our Rocket delivery and RocketPay services, will make Coupang the first place for customers to turn when shopping for premium electronics."
"As an authorized reseller of Apple products, shoppers can enjoy Coupang's service and trust that the products they order are genuine and authentic, carry Apple's full warranty, and come with after-sales customer service from Apple," the firm said.
The company's data platform shows search results for items in a fraction of a second.
With negative news pouring down on Apple this week, today's news is a little ray of positive sunshine.