Coupang Inc. CPNG

Coupang LLC, a limited liability company headquartered in Seoul, South Korea, specialises in end-to-end e-commerce and logistics. As Korea’s largest e-commerce group, the company provides a digital shopping platform that blends technology and delivery efficiency. Coupang’s logistics network includes trucks, warehouses, more than 15,000 delivery people, and proprietary algorithms. Founded in 2010, the company operates internationally, with offices in Beijing, Los Angeles, Seattle, Seoul, Shanghai, and Silicon Valley.

The Coupang shopping app hosts a comprehensive catalogue that includes most anything from apparel and beauty items to toys and electronics. The company distinguishes itself by providing customers with various delivery options, ranging from same-day delivery to regular delivery choices. Coupang drives a strong customer-focused agenda that relies on speed and efficiency. As an e-commerce enterprise, the company seeks to continually improve its technological capabilities when maintaining and launching new initiatives on its digital shopping platform. Coupang’s shopping app is available on smartphones.

MIT Technology Review tagged Coupang among the “50 Smartest Companies in the World” and Forbes listed it on its “30 Global Game Changers”. On 12th February 2021, Coupang announced its intention to hold an IPO, seeking a valuation of $50bn. The company went public in March 2021 under the CPNG stock ticker on the NYSE. Coupang raised $4.6bn with its IPO at an initial share price of $35.

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