South Korean e-commerce firm Coupang has been included on the list of 50 Smartest Companies of 2016, released by MIT Technology Review, an IT magazine published by the Massachusetts Institute of Technology.
Since 2010, MIT Technology Review has picked the 50 smartest companies that best combine innovative technology with an effective business model. Rather than evaluating companies on the basis of financial data and the number of researchers, MIT Technology Review looks into whether the company has disruptive technologies and innovation business models.
MIT Technology Review said, “Each year we identify 50 companies that are “smart” in the way they create new opportunities. Companies taking advantage of amazing new digital technologies dominate our list of 50 Smartest Companies.”
Coupang, the only Korean company on the list, is placed 44th. Coupang is also the first Korean startup to make the list since 2010. Amazon tops the list. Also on the list are Tesla Motors (4th), Facebook (15th), Intel (49th), etc.
MIT Technology Review said: “Like Amazon, it is betting on same-day delivery as an amenity to lure consumers. It has invested millions in a sophisticated logistics system that spans warehouses, trucks, thousands of delivery people, and proprietary algorithms to link everything together. Coupang is also focused on making it easier and more compelling to buy items via smartphone.”
For more information on MIT Technology Review’s 50 Smartest Companies 2016, visit the website (www.technologyreview.com/lists/companies/2016/).
