Coupang

In South Korea, Coupang is the default place to shop online. The company built its lead by owning logistics outright rather than relying on couriers, blanketing the country with warehouses that make same-day and overnight 'Rocket Delivery' the norm. That heavy infrastructure took years of losses to build, but it created a moat rivals have struggled to match. Beyond the core marketplace, Coupang runs a food-delivery arm, a streaming service, and a growing push into Taiwan. It is incorporated in the United States and listed in New York, though nearly all its revenue comes from Korean shoppers. Founded in 2010 by Bom Kim, it counts SoftBank among its major backers. The investment case rests on turning its logistics scale into durable profit as growth in its home market matures.

On MyRWA, CPNG trades tokenized across 4 on-chain venues - see the listings below.