Shopify (NYSE: SHOP) and Coupang (NYSE: CPNG) represent two very different ways to invest in the e-commerce sector. Shopify, which is based in Canada, provides self-serve e-commerce tools that enable merchants to set up their own online stores, process payments, fulfill orders, and manage their own marketing campaigns without joining a large online marketplace like Amazon. Coupang owns South Korea's largest online marketplace.
Despite the market facing extreme volatility in 2022, I still like adding to these three growth stocks at today's prices.
In this video, I talk about Coupang's (NYSE: CPNG) recent earnings report, which was better than expected, as well as what management expects and what it means for the South Korean e-commerce leader's shareholders.