This podcast episode provides a detailed analysis of Coupang (CPNG), a South Korean e-commerce company often compared to Amazon. The host discusses Coupang's business model, focusing on its logistics network, rapid delivery services (including "dawn deliveries"), and its RocketWOW subscription program. He analyzes the company's financial performance, profitability, and competitive landscape in South Korea, highlighting its market share and challenges from competitors like Naver and Alibaba. Finally, the host presents his valuation of Coupang, concluding that while impressive, the company's international expansion plans and current valuation make it too risky for his investment portfolio at this time. He cites Coupang's negative cash conversion cycle as a significant financial strength.
