Coupang (NYSE: CPNG) is often called “Amazon (NASDAQ: AMZN) of South Korea. “It is the country’s largest e-commerce company and maintains its lead with a rocket delivery service that delivers packages in a matter of hours or a single day.
Coupang went public at $ 35 per share in March this year and opened at $ 63.50 but is only trading at around $ 40 per share today. The market’s current aversion to growth stocks, Coupang’s mixed earnings report in May, and a campfire earlier this month appeared to drag the stock down. In the future, should investors still expect Coupang to generate Amazon-like profits, or should they just stick with Amazon instead?
How fast is Coupang growing?
Coupang was founded a little over a decade ago, but has invested heavily in it SoftBank (OTC: SFTB.Y), Sequoia Capital and BlackRock (NYSE: BLK) helped her to quickly expand her logistics network.
Today about 70% of South Koreans live within a radius of eleven kilometers …