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Is New IPO Coupang the South Korean Amazon?

Mercadolibre (NASDAQ:MELI). Let s take a look to find out if that s a valid analogy. Image source: Getty Images. 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.

Coupang Closed at $49 25 in Stock Market Debut

Coupang Investor Ackman Donates Shares to Charity

Coupang Investor Ackman Donates Shares to Charity The hedge-fund manager Bill Ackman is donating shares of Coupang, the Amazon of South Korea,” to various charities days after its stock exchange debut. Author: Mar 15, 2021 2:50 PM EDT The hedge fund investor Bill Ackman has donated his stake in the South Korea e-commerce company Coupang  ( The founder of Pershing Square Capital Management tweeted on Monday that he will split his 26.5 million shares, valued at $1.36 billion, among three entities. These include his Pershing Square Foundation, a donor-advised funds program, and another non-profit that wasn t identified.  Noting that he was a “day one investor” in Coupang, Ackman said the donated shares will now “benefit humanity.”

Bill Ackman-Seeded Coupang, the South Korean Amazon, Debuts IPO With a Bang

Bill Ackman-Seeded Coupang, the South Korean Amazon, Debuts IPO With a Bang
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How the Federal Reserve Affects Inequality - The New York Times

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