Why Coupang Is the Asian E-Commerce Stock to Bet On
E-commerce has seen tremendous growth across the globe due to the COVID-19 pandemic with global penetration now above 20%, and total e-commerce sales above $4.2 trillion. Within the global e-commerce industry, South Korea is one of the most developed economies as online retail spending is projected to exceed $200 billion a year by 2024. One company that is leading this charge in South Korea is Coupang (NYSE: CPNG), which just went public in early March.
Here's why Coupang might be the Asian e-commerce stock to bet on over the next decade and beyond.
Image source: Getty Images.
Source Fool.com
