Coupang, Inc (NYSE:CPNG) owns and operates in e-commerce business through its mobile applications and Internet websites primarily in South Korea. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services. The company was founded in 2010 and is based in Seoul, South Korea.

This stock is being touted as the Amazon of South Korea. Since e-commerce is exploding across South Korea (considered the third-largest e-commerce market), Golden Sachs is bullish regarding this stock. Yuanta Securities believes this company could grow 30% over the next few years.

The total spending on e-commerce in South Korea is $128 billion and by 2024, it could be up to $206 billion. Coupang Inc grew 91% in 2020 and captured half of the e-commerce total addressable market. It becomes the biggest e-commerce business within Korea and 24% market share. It could gain as much as 30% market share over the next years.

Coupang’s gross profit is up 92.3% to $2 billion in 2020 year over year. It has a customer base of about 14.8 million. Since there are more than 51 million South Koreans, it could easily grow beyond 14.8 million customer base.

In conclusion, Coupang is best for investors who want to own a growth stock for long term.