With nearly 35% of the entire population of South Korea using its platform, Coupang is the e-commerce stalwart in the country. It provides an Uber Eats-style offering (Coupang Eats) and a streaming service called Coupang Play. Coupang also does something that few other e-commerce businesses do: It sells consumer staples.
Amazon (NASDAQ: AMZN) has put up record stock returns since going public in the late 1990s. If you want to buy other e-commerce stocks to ride this global retail transition, look no further than Coupang (NYSE: CPNG), which recently had its initial public offering. What is Coupang?
Investors don't need to look further than Coupang (NYSE: CPNG) and Amazon (NASDAQ: AMZN) for good investment ideas. Coupang is a leading e-commerce platform in Asia, with 18 million active customers.