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.
