A Pair Trade Between Coupang (Short) And CJ Logistics (Long)
In this insight, we discuss a pair trade between Coupang (CPNG US) (short) and CJ Logistics (000120 KS) (long).
There are six major factors that have negatively impacted Coupang in the past several weeks including a massive data breach, loss of customers, and potential ban on early dawn deliveries.
Coupang’s daily active users (DAU) were 16.2 million as of 5 December, down by 1.8 million (10%) from 18 million as of 1 December.
