R|T: The Retail Times – China defeats Amazon

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

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

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

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

Lightspeed officially launches loyalty platform globally following TSX debut (BETAKIT)

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.

Amazon surrenders in China (BUSINESSINSIDER)

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.

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

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.

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

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.

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

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.

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

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.

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

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.


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.

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