Company description

CPNG, also known as Coupang, is a South Korean e-commerce company that was founded in 2010 by Bom Kim. The company operates a marketplace platform that offers a wide range of consumer products, including groceries, electronics, fashion, and household goods. Coupang's business model is based on a next-day delivery service, which is made possible by its extensive network of warehouses and logistics centers. The company has rapidly grown over the years and is now the largest e-commerce platform in South Korea, with a market share of over 50%. In 2021, Coupang went public on the New York Stock Exchange under the ticker CPNG, making it one of the largest IPOs in the United States for a foreign company. The company's success is attributed to its innovative and customer-centric approach, as well as its strong partnerships with local suppliers and delivery companies. Coupang's unique business model and efficient operations have helped it thrive in the highly competitive e-commerce industry, and it is now expanding its services to other countries in the Asian market. With its commitment to providing a convenient and fast shopping experience, Coupang is poised for continued growth and success in the online retail industry.