How to launch a coroutine
In the kotlinx.coroutines library you can start new coroutine using either launch or async function.
Conceptually, async is just like launch. It starts a separate coroutine which is a light-weight thread that works concurrently with all the other coroutines. 
The difference is that launch returns a Job and does not carry any resulting value, while async returns a Deferred - a light-weight non-blocking future that represents a promise to provide a result later. You can use .await() on a deferred value to get its eventual result, but Deferred is also a Job, so you can cancel it if needed.
Coroutine context
In Android we usually use two context:
- uiContextto dispatch execution onto the Android main- UIthread (for the parent coroutine).
- bgContextto dispatch execution in background thread (for the child coroutines).
Example
//dispatches execution onto the Android main UI thread
private val uiContext: CoroutineContext = UI
//represents a common pool of shared threads as the coroutine dispatcher
private val bgContext: CoroutineContext = CommonPool
In following example we are going to use CommonPool for bgContext which limit the number of threads running in parallel to the value of Runtime.getRuntime.availableProcessors()-1. So if the coroutine task is scheduled, but all cores are occupied, it will be queued.
You may want to consider using newFixedThreadPoolContext or your own implementation of cached thread pool.
launch + async (execute task)
private fun loadData() = launch(uiContext) {
    view.showLoading() // ui thread
    val task = async(bgContext) { dataProvider.loadData("Task") }
    val result = task.await() // non ui thread, suspend until finished
    view.showData(result) // ui thread
}
launch + async + async (execute two tasks sequentially)
Note: task1 and task2 are executed sequentially.
private fun loadData() = launch(uiContext) {
    view.showLoading() // ui thread
    // non ui thread, suspend until task is finished
    val result1 = async(bgContext) { dataProvider.loadData("Task 1") }.await()
    // non ui thread, suspend until task is finished
    val result2 = async(bgContext) { dataProvider.loadData("Task 2") }.await()
    val result = "$result1 $result2" // ui thread
    view.showData(result) // ui thread
}
launch + async + async (execute two tasks parallel)
Note: task1 and task2 are executed in parallel.
private fun loadData() = launch(uiContext) {
    view.showLoading() // ui thread
    val task1 = async(bgContext) { dataProvider.loadData("Task 1") }
    val task2 = async(bgContext) { dataProvider.loadData("Task 2") }
    val result = "${task1.await()} ${task2.await()}" // non ui thread, suspend until finished
    view.showData(result) // ui thread
}
How to cancel a coroutine
The function loadData returns a Job object which may be cancelled. When the parent coroutine is cancelled, all its children are recursively cancelled, too.
If the stopPresenting function was called while dataProvider.loadData was still in progress, the function view.showData will never be called.
var job: Job? = null
fun startPresenting() {
    job = loadData()
}
fun stopPresenting() {
    job?.cancel()
}
private fun loadData() = launch(uiContext) {
    view.showLoading() // ui thread
    val task = async(bgContext) { dataProvider.loadData("Task") }
    val result = task.await() // non ui thread, suspend until finished
    view.showData(result) // ui thread
}
The complete answer is available in my article Android Coroutine Recipes