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Coupang Named a Fast Company Most Innovative Company for 2025

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Coupang Named a Fast Company Most Innovative Company for 2025
News

News

Coupang Named a Fast Company Most Innovative Company for 2025

2025-03-18 19:29 Last Updated At:20:02

SEATTLE--(BUSINESS WIRE)--Mar 18, 2025--

Coupang, Inc., a U.S. technology and Fortune 200 company, has been named one of the World's Most Innovative Companies for 2025 by Fast Company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250318831473/en/

Coupang has invested billions of dollars into building its end-to-end tech stack and operations infrastructure, which integrates cutting-edge technology such as artificial intelligence and custom robotics. With technology underpinning every aspect of its global business, Coupang has scaled several innovative services over the past few years. Today, the company offers millions of items – including fresh groceries – that can be ordered by midnight and delivered by dawn the next morning. Coupang Eats provides free, unlimited deliveries of restaurant meals while Coupang Play offers free streaming media and exclusive opportunities to attend live entertainment events.

“Our machine learning and AI systems make trillions of predictions daily, powering our vast range of operations, from search and advertising to payments and fulfillment,” said Harshal Wanjari, Vice President of Engineering, Coupang. “By investing in technology, we’ve been able to create a unique model that drives success for hundreds of thousands of small business partners and tens of millions of customers globally. Our culture of relentless innovation fuels not only growth but also continuous improvements for our customers who are at the center of everything we do.”

Technology investments have enabled Coupang to create a unique model that drives success for both customers and partners, and its global patent registrations have tripled in the past four years to more than 2,100. Thousands of Coupang’s world-class engineers in the U.S., Europe, and Asia optimize how businesses increase sales by reaching customers on the other side of the world. Coupang’s proprietary systems and technologies help drive the sale of more than $4 billion of American goods to consumers in more than 190 countries and territories around the world via its sophisticated cross-border trade operation.

Fast Company ’s Most Innovative Companies spotlights businesses that are shaping industry and culture through innovation, setting new standards and achieving milestones in all sectors of the economy. Coupang earned the No. 2 ranking within the Retail category. Coupang’s Fast Company recognition comes just weeks after it was named a Top 100 Global Innovator for 2025 by LexisNexis.

“Our list of the Most Innovative Companies offers both a comprehensive look at innovation today and a playbook for the future,” said Fast Company editor-in-chief Brendan Vaughan. “This year, we recognize companies that are harnessing AI in deep and meaningful ways, brands that are turning customers into superfans by overdelivering for them, and challengers that are introducing bold ideas and vital competition to their industries. At a time when the world is rapidly shifting, these companies are charting the way forward.”

The full list of Fast Company’s Most Innovative Companies honorees can now be found at fastcompany.com. It will also be available on newsstands beginning March 25.

About Coupang

Coupang is a technology and Fortune 200 company listed on the New York Stock Exchange (NYSE: CPNG) that provides retail, restaurant delivery, video streaming, and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play and Farfetch.

ABOUT FAST COMPANY

Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with fellow business publication Inc. For more information, please visit fastcompany.com.

Innovations from U.S. technology company Coupang, Inc. harness the power of artificial intelligence (AI), robotics and automation to create the future of global commerce.

Innovations from U.S. technology company Coupang, Inc. harness the power of artificial intelligence (AI), robotics and automation to create the future of global commerce.

DUBAI, United Arab Emirates (AP) — President Donald Trump on Thursday threatened sanctions on anyone who buys Iranian oil, a warning that came after planned talks over Tehran’s rapidly advancing nuclear program were postponed.

Trump wrote on social media that “All purchases of Iranian Oil, or Petrochemical products, must stop, NOW!” He said any country or person who buys those products from Iran will not be able to do business with the United States.

The threat came after Oman announced planned nuclear negotiations for this coming weekend had been postponed. A message online from Omani Foreign Minister Badr al-Busaidi made the announcement in a post on the social platform X.

“For logistical reasons we are rescheduling the US Iran meeting provisionally planned for Saturday May 3rd,” he wrote. “New dates will be announced when mutually agreed.”

Al-Busaidi, who has mediated the talks through three rounds so far, did not elaborate.

Iran's Foreign Ministry spokesperson Esmail Baghaei issued a statement describing the talks as being “postponed at the request of Oman’s foreign minister.” He said Iran remain committed to reaching ”a fair and lasting agreement."

Meanwhile, a person familiar with the U.S. negotiators said that America “had never confirmed its participation” in a fourth round of talks in Rome. However, the person said the U.S. expected the talks to occur “in the near future.” The person spoke on condition of anonymity to discuss the closed-door negotiations.

Rome soon will see the Vatican begin the conclave on Wednesday to pick a new pope after the death of Pope Francis. Two other rounds of talks have been held in Muscat, the capital of Oman.

The talks seek to limit Iran’s nuclear program in exchange for the lifting of some of the crushing economic sanctions the U.S. has imposed on the Islamic Republic closing in on a half-century of enmity. The negotiations have been led by Iranian Foreign Minister Abbas Araghchi and U.S. Mideast envoy Steve Witkoff.

Trump has repeatedly threatened to unleash airstrikes targeting Iran’s program if a deal isn’t reached. Iranian officials increasingly warn that they could pursue a nuclear weapon with their stockpile of uranium enriched to near weapons-grade levels.

Iran’s 2015 nuclear deal with world powers did limit Tehran’s program. However, Trump unilaterally withdrew from it in 2018, setting in motion years of attacks and tensions. The wider Middle East also remains on edge over the Israel-Hamas war in the Gaza Strip.

Meanwhile, the U.S. continues an airstrike campaign, called “Operation Rough Rider,” that has been targeting Yemen's Houthi rebels, who long have been backed by Iran. U.S. Defense Secretary Pete Hegseth early Thursday warned Iran over the rebels.

“Message to IRAN: We see your LETHAL support to The Houthis. We know exactly what you are doing,” he wrote. “You know very well what the U.S. Military is capable of — and you were warned. You will pay the CONSEQUENCE at the time and place of our choosing.”

Last Saturday's round of talks, which included experts drilling down into the details of a possible deal, also took place as an explosion rocked an Iranian port, killing at least 70 people and injuring more than 1,000 others.

Associated Press writers Amir Vahdat in Tehran, Iran, and Matthew Lee in Washington contributed to this report.

President Donald Trump arrives to speak during a National Day of Prayer event in the Rose Garden of the White House, Thursday, May 1, 2025, in Washington. (AP Photo/Evan Vucci)

President Donald Trump arrives to speak during a National Day of Prayer event in the Rose Garden of the White House, Thursday, May 1, 2025, in Washington. (AP Photo/Evan Vucci)

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