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Investors' patience with CPNG stock appears to be wearing thin as the company invests heavily in growth but fails to turn a profit.

The South Korean e-tailer is growing quickly and going after a similar market opportunity as the American technology giant.

The South Korean e-tailer is growing quickly and going after a similar market opportunity as the American technology giant.

May 3, 2021 at 10:45AM Coupang (NYSE:CPNG), South Korea's biggest e-commerce company, began trading on the New York Stock Exchange on March 11 through an IPO that raised $4.6 billion.  While Coupang is relatively unknown in the U.S., its IPO grabbed a lot of attention -- and for good reasons. For one, Coupang's debut was the biggest by a foreign company since Alibaba Group Holding's (NYSE: BABA) 2014 IPO. Like Alibaba, Coupang has serious backing from Japanese tech conglomerate SoftBank Group (OTC:SFTB.Y). With a 28.7% stake in Alibaba and a 35.1% stake in Coupang, ...

E-commerce has seen tremendous growth across the globe due to the COVID-19 pandemic with global penetration now above 20%, and total e-commerce sales above $4.2 trillion. Within the global e-commerce industry, South Korea is one of the most developed economies as online retail spending is projected to exceed $200 billion a year by 2024. One company that is leading this charge in South Korea is Coupang (NYSE:CPNG), which just went public in early March. Here's why Coupang might be the Asian e-commerce stock to bet on over the next decade and beyond. Image source: Getty Images. Coupang runs a...