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Shopify closes public offering at $1.91 billion USD (BETAKIT)
Ottawa-based e-commerce company Shopify has closed its previously-announced public offering at $1.91 billion.
Green Monday Holdings, Asia’s answer to Beyond Meat, raises $70 million from TPG, Swire Pacific (TECHCRUNCH)
It’s one of the largest investments in a plant-based meat replacement company headquartered in Asia, and comes as investments into companies developing alternatives to animal proteins continue to surge.
Deliveroo is said to start talks for IPO after delivery spike (BNN BLOOMBERG)
U.K. food-delivery startup Deliveroo has begun preliminary talks to explore an initial public offering, people familiar with the matter said.
Shopify reveals data breach that affected “less than 200” merchants (BETAKIT)
Shopify has announced two employees were behind a data breach that has affected some of the merchants on its platform.
Ford deal to build electric cars in Oakville comes amid $500M government cash to upgrade plant (CBC)
The federal government and Ontario have pledged to spend up to $500 million to make the Ford plant in Oakville, Ont., able to build electric vehicles.
How a Canadian convenience store giant built its empire (FORTUNE)
Couche-Tard took in $54 billion in sales in its 2020 fiscal year, making it Canada’s third-biggest company. But the U.S. accounts for 70% of its revenue, and its stateside footprint could get bigger.
Many of COVID’s biggest retail winners don’t sell online (BNN BLOOMBERG)
From Primark and Pepco Group in Europe, to Dollar General Corp. in the U.S. and Asia’s Miniso chain, low-priced retailers are thriving, even with limited e-commerce, or none at all.
BC venture funding keeps pace in Q2 2020 as deal volume continues downward trend (BETAKIT)
Tech companies in British Columbia continued to see consistent venture funding in the second quarter of 2020, despite another drop in deal volume.
Amazon restricts how rival device makers buy ads on its site (WALL STREET JOURNAL)
The strategy gives an edge to Amazon’s own devices, which the company regards as central to building consumer loyalty.
