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Coupang, Inc. (CPNG)
NYSE - NYSE Delayed Price. Currency in USD
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Ebay Reportedly Will Sell 80% of South Korean Unit. The story implies that eBay Korea gave up competing with CPNG. It is noteworthy that CPNG has no interest in acquiring eBay Korea. Other competitors show some interest but no definite deal yet. Probably there would be no deal because it would be losing proposition.
It's interesting everyone discussing how poorly they treat their employees. I'm not sure but maybe you're confusing them with Amazon. The 2 stories have almost mirrored each other to date. They are going to be big and everyone is trying to stop it.that's not going to happen this thing is going to be huge. If you were part of the few that were upset about the amount they were spending on expansion last quarterly report I hate to disappoint you but they are going to continue to expand .
Finally got 40 and 45 can be projected! As all kinds of negative news on the fire-aftermath continue, seems like a mini short squeeze performed. Not expecting next ER would be great, but should be better than previous one.
Trading above resistance, would love to see volume come in here.
E-commerce platform operator Coupang has once again surprised the market by winning the exclusive rights to broadcast the Tokyo Olympics online, apparently beating out local tech giants Naver and Kakao.
For the deal, which has not yet been officially announced, Coupang may have agreed to pay up to 50 billion won ($44 million), industry observers said Monday, adding that it testifies the Nasdaq-traded firm’s strong intent to expand into the over-the-top content business.
The only stock bought by B.Gates recently
Coupang to jump into live commerce business in July
After going public on the New York Stock Exchange in February and securing funds to invest 5 trillion won ($4.48 billion) in business expansion, Coupang is now jumping into the live commerce sector.
Live commerce is an online e-commerce method where retailers sell products through real-time video. Buyers can communicate with each other or ask show hosts questions about items when the broadcast is live.
The country's largest e-commerce firm said it is renovating the whole 13th floor of Tower 730, where its headquarters is located in Jamsil, southeastern Seoul. Coupang plans to operate a number of studios for live commerce broadcasting there and construction is scheduled to be completed by the end of this month.
The size of one floor in this building stretches 898.5 square meters, which is 11 times bigger than the 150-square-meter studio that Kakao uses for its live commerce operation.
Reports said Coupang will open 11 studios on the 13th floor, but Coupang denied this, refusing to give the exact number of studios it will operate and only confirming that the space is currently being outfitted for live commerce use.
Online retailers are finding live commerce attractive as it possesses explosive growth potential. There are many advantages that customers can find with live commerce.
Coupang has already tested its live commerce business with cosmetics in March.
There are other big names in the e-commerce sector that have jumped into live commerce before Coupang, but the unicorn firm has no fear of competition.
It plans to adopt an "all-in" strategy, where the company invests heavily in marketing to take away customers from its competitors and win a large market share.
It played the same game in the food delivery service sector after entering the market later than Baedal Minjok, Yogiyo and Baedaltong, but has already joined the top three this year, pushing Baedaltong aside.
Coupang sees big potential in live commerce. Looking only at the domestic market, it could grow by seven times year-on-year. The size of the live commerce market reached 400 billion won last year, which is now 2.8 trillion won. By 2023, the market is expected to grow to 10 trillion won.
"Coupang has witnessed the marketability and growth potential of live commerce. It is only a matter of time before the online retail giant expands the item category," an industry source said. "It is not a threatening player in the sector yet, but it can become a key player in a short period of time if it is willing to spend big."
chart says 45 plus coming in a month... trust the 📈
I heard about CPNG the other day on (
). It’s looking like an interesting play.
This stock clearly wants to break out. Even on red days, it's shown excellent strength.
CPNG needs to trade above 40 and hold, if it does a good possibility we will see the trend change everyone has been waiting for.
Forbes posted about cpng expanding to tokyo. Should bring in more attention
Not a too bad day for trading this morning, much better than yesterday. Seems some institutionals involved and volume picks up. Go to 40 and 45 expected.
Chart today looks like CPNG wants to break to the upside within the next few days
Hugh potential from this new source of income plus expansion in other markets.
Bill Gates was right about the company
What is the future of this company. I am sitting on 450 shares and down $9000. I will never invest outside USA now. Should I buy more to lower price? I scare to put money in this stock.
Know what you own, know you will be rewarded for holding.
Coupang is going down. Hard. Watch...
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