Coupang Is the Amazon.com of South Korea, but Maybe Even Better. And Now You Can Buy the Stock.

Barrons2021-03-15

The more I learn aboutCoupang,the more I want to move to Seoul. The largest e-commerce company in South Korea, Coupang (ticker: CPNG), went public this past week in spectacular fashion. It now ranks ...

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Comments

AHLONG
2021-03-16
AHLONG
Sure anot??
Tourmaline
2021-03-15
Tourmaline
Buy a little
Snowwhite
2021-03-15
Snowwhite
Tempted to buy
- Snowwhite:
  Luckily nvr buy leh
- Huat99:
  better take no action yet
- Snowwhite:
  Yup NATO [龇牙]
- BTS:
  hopefully no action ya as prx keeps on dropping
- BTS:
  NATO [贱笑]
同是天涯沦落人
2021-03-15
同是天涯沦落人
How big is Korea mkt?
Fionfion82
2021-03-15
Fionfion82
It seem weak to me unlike Bumble Stays strong till now
lowjiaying
2021-03-15
lowjiaying
???

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And Now You Can Buy the Stock.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 11:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/coupang-is-the-amazon-com-of-south-korea-but-maybe-even-better-51615590150?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The more I learn aboutCoupang,the more I want to move to Seoul.\nThe largest e-commerce company in South Korea, Coupang (ticker: CPNG), went public this past week in spectacular fashion. It now ranks ...</p>\n\n<a href=\"https://www.barrons.com/articles/coupang-is-the-amazon-com-of-south-korea-but-maybe-even-better-51615590150?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPNG","symbol_name":"Coupang, Inc.","start_time":0,"source_url":"https://www.barrons.com/articles/coupang-is-the-amazon-com-of-south-korea-but-maybe-even-better-51615590150?mod=RTA","article_id":"1139451069","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139451069","pubTimestamp":1615777682,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"The more I learn aboutCoupang,the more I want to move to Seoul.\nThe largest e-commerce company in So","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CPNG":"Coupang, Inc."},"translate_title":"优惠券是南韩的亚马逊，但也许更好。现在你可以买股票了。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPNG":0.9},"content_text":"The more I learn aboutCoupang,the more I want to move to Seoul.\nThe 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 onlySamsung Electronics.It was the biggest U.S. initial public offering by a foreign issuer sinceAlibaba Group Holdingin 2014, and the biggest U.S. new issue of any kind sinceUber Technologiesin 2019.\nFounded 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: ThinkAmazon.complusInstacart,DoorDash,andNetflix.Coupang has about 50,000 employees and expects to hire another 50,000 Koreans by 2025.\nCoupang 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. 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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.\nCoupang 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.\nWhile 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.\nIn the IPO, Coupang sold 130 million shares at $35 apiece. The stock opened for trading at $63.50, giving the company a $114 billion market cap. The stock then drifted lower, closing on Thursday at just under $50 a share, for a valuation just shy of $90 billion.\nCoupang shares aren’t cheap—eBay(EBAY) has comparable revenue and less than half the market cap. And the stock trades at a slight premium to Alibaba (BABA) based on trailing 12-months sales. But Coupang has some distinct advantages. Alibaba faces fierce competition from companies like Pinduoduo andJD.com.Alibaba’s growth rate is less than half that of Coupang. And Coupang doesn’t have the Chinese Communist Party looking over its shoulder.\nOne thing that Alibaba and Coupang have in common is a tight relationship withSoftBank Group(SFTBY)—the Japanese holding company is the largest investor in both companies.\nSoftBank invested $700 million in Coupang in 2015. In 2018, the SoftBank Vision Fund, the company’s $100 billion venture portfolio founded in 2016, invested another $2 billion in a deal led by Lydia Jett, a Vision Fund executive who now sits on the Coupang board. The original investment was rolled into the Vision Fund, for a total bet of $2.7 billion. That stake is now worth $30 billion. It’s a monster win—and possibly the biggest exit ever for a deal led by a woman venture investor.\nSoftBank did not sell any shares in the offering, and Jett says in an interview withBarron’sthat the company intends to be a long-term investor, as it has been with Alibaba. More than 20 years after its initial investment, SoftBank’s remains the single largest holder in Alibaba.\n“We’re set up to hold Coupang for the long term,” Jett says. “There is a lot of room left in what is a $500 billion retail market.”\nIt seems odd that South Korea, one of the world’s most technologically advanced nations, has played such a small role in the U.S. stock market. Coupang was the first Korean tech company to go public here in more than a decade. Jay Ritter, a University of Florida business school professor who studies the IPO market, says just six Korean tech firms have gone public in the U.S. market, all from 1999 to 2006. That list actually includes Gmarket, an e-commerce company that went public in 2006 and was acquired by eBay for $1.2 billion in 2009. EBay has announced that it is seeking a buyer for its Korean business. None of the best-known Korean tech and manufacturing companies—Samsung,LG,Hyundai Motor,Kia,SK Hynix—have U.S. listings.\nJett thinks the Coupang deal will be a turning point for Korea’s venture capital market. She says there has been a misconception that Korean tech companies weren’t innovative enough. “That door has now been blown off,” she says. “This will transform how Korean companies are funded. 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buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/322128837","repostId":1139451069,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3830616,"gmtCreate":1616104788544,"gmtModify":1680780921583,"authorId":3562979576963766,"author":{"id":3562979576963766,"idStr":"3562979576963766","authorId":3562979576963766,"name":"Snowwhite","avatar":"https://static.tigerbbs.com/f7b8537e21be09b6dce060ffe87a88e8","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322128837,"type":1,"supId":3807560,"prevId":0,"content":"Luckily nvr buy leh","text":"Luckily nvr buy leh","html":"Luckily nvr buy leh"},{"id":3816973,"gmtCreate":1615981268590,"gmtModify":1680780709306,"authorId":3555376654101817,"author":{"id":3555376654101817,"idStr":"3555376654101817","authorId":3555376654101817,"name":"Huat99","avatar":"https://static.tigerbbs.com/2c30eb3331cf3fbbc42818b462456369","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every 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yet"},{"id":3814430,"gmtCreate":1615957430155,"gmtModify":1680780672579,"authorId":3562979576963766,"author":{"id":3562979576963766,"idStr":"3562979576963766","authorId":3562979576963766,"name":"Snowwhite","avatar":"https://static.tigerbbs.com/f7b8537e21be09b6dce060ffe87a88e8","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322128837,"type":1,"supId":0,"prevId":0,"content":"Yup NATO [龇牙]","text":"Yup NATO [龇牙]","html":"Yup NATO [龇牙]"},{"id":3812276,"gmtCreate":1615940117128,"gmtModify":1680780639007,"authorId":3575367471914930,"author":{"id":3575367471914930,"idStr":"3575367471914930","authorId":3575367471914930,"name":"BTS","avatar":"https://static.tigerbbs.com/7c7ab7c634f3af64309445eed64a501e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322128837,"type":1,"supId":0,"prevId":0,"content":"hopefully no action ya as prx keeps on dropping","text":"hopefully no action ya as prx keeps on dropping","html":"hopefully no action ya as prx keeps on dropping"},{"id":3807560,"gmtCreate":1615890233510,"gmtModify":1680780565551,"authorId":3575367471914930,"author":{"id":3575367471914930,"idStr":"3575367471914930","authorId":3575367471914930,"name":"BTS","avatar":"https://static.tigerbbs.com/7c7ab7c634f3af64309445eed64a501e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322128837,"type":1,"supId":0,"prevId":0,"content":"NATO  [贱笑]","text":"NATO  [贱笑]","html":"NATO  [贱笑]"}],"langContent":"EN"},{"id":322168071,"gmtCreate":1615783925293,"gmtModify":1704786436996,"author":{"id":"3554323022733956","authorId":"3554323022733956","name":"同是天涯沦落人","avatar":"https://static.tigerbbs.com/218c98f99603705b961006c26525b95e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3554323022733956","authorIdStr":"3554323022733956"},"htmlText":"How big is Korea mkt?","listText":"How big is Korea mkt?","text":"How big is Korea mkt?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322168071","repostId":1139451069,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322180938,"gmtCreate":1615782736224,"gmtModify":1704786419588,"author":{"id":"3567652695695694","authorId":"3567652695695694","name":"Fionfion82","avatar":"https://static.tigerbbs.com/22ca6345985b52ec868cac92aafafdc1","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3567652695695694","authorIdStr":"3567652695695694"},"htmlText":"It seem weak to me unlike Bumble Stays strong till now","listText":"It seem weak to me unlike Bumble Stays strong till now","text":"It seem weak to me unlike Bumble Stays strong till 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