South Korea's E-Commerce Giant Turning Into A Luxury Powerhouse: Coupang
CPNGCoupang(CPNG) Seeking Alpha·2024-02-01 03:19

Michael Vi I first invested in Coupang, Inc. (NYSE:CPNG) last January, then did my deep dive a couple of months later, looking at the Korean commerce market, Coupang's different opportunities, its moat, financials, risks, and much more. At that time, Coupang had only started to turn profitable on both Adjusted EBITDA and net income basis and seemed to me to be a decent compounder going forward. I also liked the group of shareholders (except SoftBank), which includes Baillie Gifford and Stanley Druckenmiller ...