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Games & Commerce

Coupang posts 835 billion won Q2 operating loss, swings to deficit from year ago

Coupang moved into an operating loss in the second quarter after reflecting a penalty related to a personal data leak, pushing its first-half operating loss above 1 trillion won. Coupang Inc reported revenue of 13.3 trillion won and an operating loss of 835 billion won, versus an operating profit a year earlier. It booked about $410 million in penalties in operating expenses. Active customers rose to 24.7 million, and the company guided to 8 to 9 percent constant-currency revenue growth for the third quarter.

Crypto

BitMine boosts Ethereum holdings to 5.8 million and expands share buyback

BitMine Immersion Technologies bought an additional 10,399 ether last week, lifting its total holdings to 5,797,813, according to Decrypt. The purchase was worth about $19.5 million and leaves BitMine holding about 4.8 percent of circulating supply. The company put the value of its ether holdings at about $10.9 billion and total assets at $11.3 billion. It also repurchased 4.5 million shares under a $4 billion program and said about 85 percent of its ether is staked via Mavon.

Industry

LG Electronics to pay interim dividend for second straight year, implement 200 billion won shareholder returns

LG Electronics said on Tuesday it filed details of its 2026 interim dividend plan after a board resolution. The record date is Aug. 13 and it will pay a cash dividend of 500 won per share for both common and preferred shares, totalling 89.7 billion won, with payment scheduled for Aug. 28. The company also completed a 100 billion won share buyback and plans to cancel the shares this year as part of its shareholder return plan.