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Mercadolibre (NASDAQ:MELI). Let s take a look to find out if that s a valid analogy.
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The business
Coupang was founded with the goal of building an end-to-end e-commerce platform for the Korean market. Its flagship offerings are the Rocket Delivery service and the Rocket Wow membership (similar to Amazon Prime) that give people same-day and next-day delivery on millions of items. This part of the business is almost an exact match for what Amazon does in the United States and other markets. However, Coupang goes a step further by offering its members what it calls Dawn Delivery, a program that delivers any item ordered before midnight by 7 a.m. the next day.
Everything you need to know about the Coupang IPO
Rebecca Cattlin March 4, 2021 10:45 AM
Coupang is the largest and fastest e-commerce service in Korea – both in terms of growth and speed of delivery. The company held its IPO in March 2021 and raised over $4 billion. Discover everything you should know about Coupang and its IPO. Share:
What is Coupang?
Coupang is a South Korean e-commerce company, founded in 2010 by Bom Kim. The company was initially a discount site, similar to Groupon, but eventually focused on e-commerce. It’s now the largest e-commerce company in Korea and is on track to become the third-largest e-commerce market in the world.