Is Now the Right Time to Buy Coupang Stock?
The e-commerce industry was already growing at a rapid pace before COVID-19 rocked the world. The tailwind provided by the pandemic just accelerated the growth of many businesses dedicated to online shopping and digital commerce. One company that has benefited from industry growth is South Korea-based Coupang (NYSE: CPNG), which has a business model similar to Amazon and JD.com. The company just IPO'd this spring, and has grown its market share in South Korea each of the last five years with its vertically integrated delivery model.
With the stock down 30% from its highs, is now the time to buy Coupang stock? Let's take a look.
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Source Fool.com
