Why Coupang Could Be Your Best Growth Stock Investment Right Now
Dominating e-commerce in South Korea
Coupang operates a similar business model to Amazon's but in South Korea. It has a sprawling logistics network that delivers items quickly and cheaply to its large customer base, a premium subscription service for free delivery, and grocery delivery, just like its North American competitor.
Succeeding in new markets
Starting a few years ago, Coupang experimented with its e-commerce marketplace in other Asian countries. Some of these experiments failed, but one has shown promise: Taiwan. After getting customer traction, Coupang decided to start investing more aggressively to build up its operations in Taiwan. This has led to rapid growth in the market, with revenue from Coupang's developing offerings growing 105% year over year last quarter. Most of this growth was driven by Taiwan.
Buy $1,000 worth of this stock and watch it produce solid returns for your portfolio.This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.