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Coupang Inc (NYSE:CPNG) is one of the best stocks to buy according to billionaire Bill Gates. The Street sees a more than 50% upside potential in Coupang stock from the current level.

Coupang Inc (NYSE:CPNG) is shaking up Japan’s food delivery industry with its Rocket Now delivery service. According to a June 3 report in the Nikkei Asia newspaper, Rocket Now is performing well against Uber Eats and other incumbents in Japan. The Rocket Now app downloads have surpassed 6 million since launch in January 2025.

Coupang has partnered with more than 10,000 restaurants across Japan to deliver meals through Rocket Now. But it’s how the arrangement works that stands out. Rocket Now provides meals at the same price as diners see on restaurant menus, it offers free delivery, and it does not charge a service fee. This model cuts costs for customers, drives order volumes for restaurants, and fuels the delivery business for Rocket Now.

According to Coupang’s country manager for Japan, Daniel Jaramillo, Rocket Now negotiated with restaurants and developed a fee structure that satisfied both parties. Groceries and prescription drug deliveries are other business opportunities for Rocket Now. For now, however, the service is focused on meal deliveries.

Coupang Inc (NYSE:CPNG) is an e-commerce company focused on the Asian market. It primarily operates in South Korea and Taiwan. It sells a vast array of goods, including everyday consumer items, fresh groceries, and electronics. Coupang also offers food delivery, cloud computing, and video streaming services.

While we acknowledge the potential of CPNG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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