Coupang (NYSE: CPNG) and Sea Limited (NYSE: SE) are two of the fastest growing e-commerce companies in Asia. Coupang owns the top e-commerce marketplace in South Korea, while Sea's Shopee is the market leader in Southeast Asia and Taiwan.
Coupang stock trades over 20% below its IPO price as of this writing with a market cap of $47 billion. The stock initially soared after its public debut in March, but concerns about its widening losses, the saturation of its home market, and its overseas expansion plans attracted the bears.
Sea stock, on the other hand, has surged more than 2,000% since its debut in 2017, and the company is now worth $176 billion. The Singapore-based company has dazzled investors with its monetization of Shopee and the growth of its gaming unit Garena, which publishes the hit battle royale game Free Fire .
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Will Coupang Be Worth More Than Sea Limited by 2025?