This Company Is Set for Explosive Amazon-Like Growth
Founded in 2010, Coupang (NYSE: CPNG) didn't take long to evolve itself into the market leader in South Korea's e-commerce industry, posting an annualized run-rate of $18 billion as of its most recent quarter. Led by Founder and CEO Bom Kim, Coupang is now taking a page out of Amazon's (NASDAQ: AMZN) playbook by focusing on long-term cash flow generation versus short-term profitability, which true investors should love to see from such a rapidly growing company.
However, Coupang has a unique advantage over its U.S. peer: South Korea's incredibly dense population compared to its geographical size. Thanks to this density, the company could morph into a more efficient version of Amazon while offering further growth optionality through its food delivery services.
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Source Fool.com
