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Let's Go! nadodude 02/27/23 10:40 AM
Bout time! nadodude 10/04/22 1:50 PM
Hummm moving on UP! nadodude 08/12/22 9:11 AM
Long and Strong Amazon of Asia. nadodude 08/10/22 7:58 PM
Cramer knows about as much about Korea as slimhere 10/13/21 6:05 AM
Yes slimhere 10/13/21 6:00 AM
Coupang can deliver so quickly because most Koreans slimhere 10/13/21 5:59 AM
More great news, soon the selling of CPNG slimhere 10/13/21 5:48 AM
Cramer just said u can start a position Surfacetite 09/15/21 6:53 PM
By near future, are you referring to this decade.. Actualfactual 09/14/21 8:57 AM
Me too, $300 easy in the near future nadodude 09/09/21 4:09 PM
Coupang now offers 10 minute grocery delivery, I RENTONJIM 09/09/21 3:22 AM
https://youtu.be/bCxN-dt4I_w RENTONJIM 08/05/21 10:09 PM
Why enter now? RENTONJIM 08/04/21 9:07 PM
August 11th earnings come out: LINK----> RENTONJIM 07/29/21 10:29 PM
Great news--------> Link RENTONJIM 07/21/21 11:09 AM
CPNG can triple: RENTONJIM 07/17/21 11:05 PM
Uber eats is nothing compared to 15 minute RENTONJIM 07/14/21 7:34 AM
Stock price on a continuous rise: RENTONJIM 07/13/21 4:22 AM
Coupang continues its international expansion with Taiwan RENTONJIM 07/09/21 5:59 AM
GREAT NEWS -------> RENTONJIM 07/02/21 10:16 AM
Nice opening this morning. $39.64 +1.39 (+3.63%) RENTONJIM 06/29/21 9:55 AM
Besides Singapore and Japan coupang has decided to RENTONJIM 06/27/21 5:32 AM
E-commerce platform operator Coupang has once again surprised RENTONJIM 06/21/21 7:43 AM
Naver bails on Ebay acquisition. RENTONJIM 06/19/21 7:09 AM
Naver bails on Ebay acquisition. RENTONJIM 06/19/21 5:55 AM
Coupang is building world dominating distribution center. RENTONJIM 06/19/21 4:21 AM
https://koreajoongangdaily.joins.com/2021/04/12/business/industry/coupang-ecomme NYC_JimBob 06/16/21 10:44 AM
CPNG Japanese delivery kingpin. RENTONJIM 06/15/21 12:44 PM
This will be one of the best stocks RENTONJIM 06/15/21 10:59 AM
This Has to be the biggest flop I NYC_JimBob 06/14/21 1:58 PM
Buy and hold, reward$ are right around the RENTONJIM 06/14/21 10:13 AM
https://m.koreatimes.co.kr/pages/article.asp?newsIdx=310176 RENTONJIM 06/13/21 6:36 PM
021-06-13 18:13 RENTONJIM 06/13/21 9:36 AM
Oh yeah, it's time to buy for sure. nadodude 06/07/21 7:23 PM
A compelling opportunity RENTONJIM 06/07/21 4:57 AM
https://www.fool.com/investing/2021/06/06/this-tech-stock-just-had-its-ipo-heres RENTONJIM 06/06/21 10:20 PM
ALSO SOME HIRING IN SINGAPORE jozac 06/04/21 3:59 PM
ALSO SOME HIRING IN SINGAPORE jozac 06/04/21 3:59 PM
CPNG moves into Japan. RENTONJIM 06/04/21 4:08 AM
“SNL Korea,” a Korean localized version of long-running RENTONJIM 06/02/21 3:09 AM
Upgradeed by Deutsche Bank: RENTONJIM 06/02/21 3:07 AM
Coupang to provide health care to it's driver's. RENTONJIM 05/26/21 12:29 AM
Upgrades have started: RENTONJIM 05/23/21 7:27 AM
46.38% of Maverick Capital holdings is Coupang, RENTONJIM 05/18/21 11:58 PM
Bill Gates bought Coupang. RENTONJIM 05/18/21 10:25 AM
https://seekingalpha.com/news/3695824-coupang-attracts-bull-rating-from-deutsche RENTONJIM 05/18/21 10:17 AM
Dipped my toe in some more this morning. Bugguybob 05/17/21 11:57 AM
Looks to be the next Amazon, Apple and RENTONJIM 05/16/21 10:12 AM
Deutsche BUY rating starts the ball rolling. Quarterly jozac 05/14/21 1:06 PM
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Coupang, Inc. (CPNG)

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Coupang, Inc.  

(6) COUPANG IPO ANALYSIS FROM A KOREAN! - The Only Video You Need ($CPNG 2021 Stock Review) - YouTube

 

The largest e-commerce company in South Korea, Coupang (ticker: CPNG), went public this past week in spectacular fashion. It now ranks as the country’s second-largest publicly held company, trailing only (005930) It was the biggest U.S. initial public offering by a foreign issuer since (9988) in 2014, and the biggest U.S. new issue of any kind since (UBER) in 2019. Founded in 2010 by Harvard Business School dropout Bom Kim, Coupang has become a huge force in the South Korean economy.

The largest e-commerce company in South Korea, Coupang (ticker: CPNG), went public this past week in spectacular fashion. It now ranks as the country’s second-largest publicly held company, trailing only Samsung Electronics. It was the biggest U.S. initial public offering by a foreign issuer since Alibaba Group Holding in 2014, and the biggest U.S. new issue of any kind since Uber Technologies in 2019.

Founded in 2010 by Harvard Business School dropout Bom Kim, Coupang has become a huge force in the South Korean economy. The company accounts for 4% of the country’s consumer commerce, with a broad array of online retailing services: Think Amazon.com plus Instacart, DoorDash, and Netflix. Coupang has about 50,000 employees and expects to hire another 50,000 Koreans by 2025.

Coupang may be like Amazon, but it has important geographical advantages. South Korea is a tech-savvy, superdense, highly populated country of more than 50 million people. Eric Kim, who sat on the Coupang board from 2011 to 2017 while a managing director at Maverick Capital, an investor in the company, notes that South Korea has about the same land mass as Indiana—but almost 10 times the population. Take out the uninhabitable mountain regions, he adds, and all of those people are jammed into an area the size of Rhode Island.

That high density helps make Coupang superresponsive. The company has 25 million square feet of warehouse space, spread over 100 locations in more than 30 cities. Coupang says that 70% of Koreans live within seven miles of one of its distribution centers. Almost anything can be ordered same-day, and “dawn delivery” assures that goods ordered by midnight are delivered by 7 a.m.

Coupang has also eliminated the need for cardboard boxes and bubble wrap for 75% of deliveries. (Let’s see you do that, Amazon.) Coupang Fresh, the company’s market-leading online grocery service, ships goods in reusable containers—leave them by the door and they are whisked away by one of Coupang’s 15,000 delivery staff members for reuse. Returning goods? Leave them outside your door—no special packaging or printed label required.

Coupang had 2020 revenue of $12 billion, up 91% from the previous year, as the pandemic helped accelerate growth from 55% in 2019 and 69% in 2018. Growth was above 90% in each of the past four quarters.

While not profitable yet, the company is getting close. Coupang’s profit margin, as measured by adjusted earnings before interest, taxes, depreciation, and amortization, was minus 2.1% last year, versus minus 8.8% the previous year. And that reflects some unusual costs to protect workers from the pandemic.

 

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