R|T: The Retail Times – China defeats Amazon

The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.

Subscribe to R|T using the form at the bottom of this page to ensure you don’t miss out on the most important retail tech news every week!


betakit

Wave, Visa launching solution to improve cash flow management for SMBs

Toronto-based Wave, a financial platform for small business owners, has announced a new payments solution created in partnership with Visa.

techcrunch

USDA launches pilot program allowing SNAP recipients to shop for groceries online

The USDA has announced the launch of a pilot program that will open up online grocery shopping to those on public assistance.


bk

Lightspeed officially launches loyalty platform globally following TSX debut

Montreal-based POS software firm Lightspeed has globally launched Lightspeed Loyalty, a technology that enables merchants to engage customers, reward repeat business, and build a loyal following.


bi

Amazon surrenders in China

Amazon has told sellers that it will no longer operate its third-party marketplace or provide seller services in China, The Wall Street Journal reports.


dealstreet

GIC-backed Luckin Coffee raises $150M from BlackRock, others

China’s Luckin Coffee, a self-declared challenger to Starbucks Corp, has raised $150 million in its latest round of funding from investors including BlackRock Inc, which values the company at $2.9 billion.


techcrunch

Stripe acquires Touchtech, updates APIs to prep for strong customer authentication in Europe

Stripe, the payments powerhouse that is now valued at $22.5 billion, has made an acquisition to help it gear up for new regulations in Europe that will be rolled out later this year to improve security in online transactions.


eustartups

London-based Weengs, a logistics startup for e-commerce retailers, raises €7.5 million

London-based logistics startup Weengs‘ fulfilment service claims to save its retailers an average of four hours per day, getting online orders to customers reliably and efficiently.


cnbc

Walmart is launching its first subscription box for apparel. And this one’s for kids

The retailer announced it’s partnering with Kidbox, a subscription-box company akin to Stitch Fix but focused solely on selling clothes for babies, girls and boys.


techcrunch

Kids on 45th just raised millions in seed funding to sell lightly used kids clothes — sight unseen

The nearly two-year-old, Seattle-based startup bundles up what it describes as nearly new clothing that suits the current season, and sends it to customers sight unseen for far less than they would pay elsewhere, and requiring a lot less of their time.


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Amira Zubairi

Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.