[Market Feature] CJ Logistics Surges 5% on Hopes of Gaining Volume from Coupang
On December 3, CJ Logistics is showing strong performance. As food companies' own online stores are being revisited in light of the recent personal information leak at Coupang, expectations are rising that CJ Logistics will benefit from this trend.
As of 9:58 a.m. on this day, CJ Logistics is trading at 98,500 won, up 5,100 won (5.46%) from the previous trading day.
This appears to be due to increased investor sentiment as signs of mass member withdrawals from Coupang become apparent following the large-scale personal information leak.
If Coupang's dominance in the e-commerce market is disrupted by member withdrawals, it is expected that users will migrate to competitors such as Naver, Gmarket, 11st, Kurly, as well as to the online stores operated by major food companies.
Currently, Naver, Gmarket, 11st, Kurly, and others have established fast delivery systems in partnership with courier companies like CJ Logistics to compete with Coupang's Rocket Delivery.
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Additionally, many major food companies use CJ Logistics for deliveries from their own online stores, so this personal information leak incident could potentially benefit CJ Logistics.
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