Down 40% Since Going Public, Is This Growth Stock a Buy?
In this video, I will be talking about the "South Korean Amazon" called Coupang (NYSE: CPNG) and whether it is a buy right now, being down 40% since going public. You can find the video below.
Coupang is South Korea's largest e-commerce player, offers the fastest delivery, has the largest logistics footprint, and controls the whole customer experience, which is very important and a huge moat. It went from being called the Groupon of South Korea to being called the Amazon of South Korea -- a definite step up. That shows how quickly things can pivot with the right management and vision.
Right now Coupang mostly operates in South Korea, but some reports have indicated that it is testing the waters in Japan and Taiwan. In terms of 2020 revenue, South Korea is the 12th-largest economy and sixth-largest market for e-commerce, ahead of France and behind Germany.
Source Fool.com
