Comparison of Two Asian E-commerce Giants

On this episode of Chit Chat Stocks, Brett and Ryan bring on Drew from Speedwell Research to discuss Coupang. The three go through an in-depth discussion around the e-commerce retailer and all the important topics investors will want to know. We discuss:

(00:00) Introduction to Coupang and Speedwell Research

(03:13) Overview of Coupang's Business

(06:27) Management and Leadership at Coupang

(09:03) Review of Coupang's Performance in 2023

(12:35) Revenue Growth and Membership Growth

(26:36) Strategies to Increase Competitive Advantage

(28:23) Threat of Chinese E-commerce Providers

(32:05) Rocket Wow Membership and Pricing Power

(34:22) Coupang's Grocery Operation and RocketWOW Membership

(36:17) Fast Delivery and Geographic Density

(37:45) Coupang's Advantage in Grocery Fulfillment

(39:07) Coupang's Delivery Force and Packaging

(40:53) Comparison with Sea Limited

(44:30) Coupang's Total Addressable Market (TAM)

(45:27) Investing in Taiwan and Developing Offerings

(49:25) Investment in Taiwan and Potential Losses

(52:41) Coupang's Acquisition of Farfetch Assets

(57:45) Valuation and Attractiveness

(59:37) Risks and Potential Downsides

Speedwell Research:

https://www.speedwellmemos.com/

https://speedwellresearch.com/subscribe/

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Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.