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Shopify’s 2017 financial results report $843 million CAD total revenue (BETAKIT)
Shopify’s total revenue for Q4 was $279 million CAD.
DMS Recommends: Tech trends for business in 2018 (TECHCRUNCH)
Three talked-about technology trends could change the way you and your team work in the coming year. Here’s what you need to know.
H-E-B acquires Texas-based on-demand company Favor (TECHCRUNCH)
The acquisition comes at a time when the grocery retailer industry is in flux, preparing for a boom of online grocery shopping on the consumer side.
25% of UK retailers find tech disrupts customer connection (RETAILDIVE)
Despite some negative views of some technologies uncovered by this research, the retail sector should not take these findings as an argument to bring all technology projects to a screeching halt.
JD.com’s logistics business raises $2.5B from Hillhouse, Sequoia China and others (TECHCRUNCH)
Chinese e-commerce giant JD.com is raising the investment capital from a range of backers who include Hillhouse Capital, Sequoia China, China Merchants Group, Tencent, and others.
Lumi.com raises $9M in Series A funding (FINSMES)
Lumi, which helps e-commerce companies produce custom packaging through an online platform and worldwide network of factories to ship different products, raised the funding from Spark Capital, Forerunner Ventures, and Homebrew.
LCBO working with Shopify to power online cannabis sales platform (BETAKIT)
Shopify will also be used in brick-and-mortar stores to process transactions on iPads.
Target partners with Honeyfund to add cash gifts to its wedding registry (TECHCRUNCH)
With the Target partnership and newly launched Honeyfund integration, couples can now register for everything they want – including both physical gifts and cash gifts – from a single destination.
CommonSense Robotics raises $20 million Series A funding for automated grocery fulfillment centers (ZDNET)
The funds will be used to develop robotics and AI for “micro-fulfillment centers,” which are automated grocery fulfillment centers that could help grocery catch up to the rest of ecommerce.
Frank And Oak raises $20 million to invest in personalized shopping features (BETAKIT)
The company is doubling down on its online and in-store retail experiences.