@soobin The South Korean government is planning to launch a national-level service to secure and distribute GPU resources. I understand that Coupang has applied to take part in the initiative. Wishing them the best of luck.
$CPNG
Here's some news about Coupang — they’re now entering the cloud business as their next big move.
If you look at Coupang’s journey, it’s clear they’ve been steadily applying a divide-and-conquer strategy
Rocket Delivery → Rocket Fresh → Cross-border shopping → Third-party logistics → New product categories like cosmetics → Expansion to Taiwan → Coupang Eats → Coupang Play —
and now, the cloud.
What could be next?
Bom Kim is still hungry 😊
$CPNG
Anyone worried about this company?
$CPNG was selling products even in the martial law. They are the top notch 😊
"Timing for ordering daily necessities for martial law preparation.
(Ad) Check out the items you've saved. "
The fastest growing app of the year 2024 in S. Korea
1. Toss
2. $CPNG Eats
3. ChatGPT
4. TikTok
...
7. Threads
8. $CPNG
It's amazing that $CPNG still has a room to grow 😊
@Kross_Roads Most people have bought Hoka or On this year. They are not buying another pair of shoes anytime soon. Nike may have a hard time at least one more year imo
$DUOL
I love this app. I learn English, Chinese, Japanese, French, Spanish, Turkish, Greek with Duolingo. I intended to study English at first but I don't know how I end up being like this 😅
However, even though I love this, it is quite stretched so I trimmed a bit.
$CPNG
Stock was down -10%.
I was only focusing on product mix and revenue increase. They spend money on technology / infrastructure more that I thought and I didn't quite catch that. It will take some time to moderate.
However imo their growth story doesn't end here
Food delicery MAU trends in SK
Blue - Delivery Hero
Yellow - $CPNG Eats
Pink - Local
Eats is taking DH's market share little by little.
I'm happily waiting for $CPNG earnings out this time :)
@NickalobeUltra The company was fined $100m by Korean antitrust committee. $100m is more than I expected so I just thought I better be cautious.
Usually I buy same amount of stock everyday to build a position. So sold some and rebuild it again later.