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Amazon revealed plans to create 3,500 new corporate and tech jobs at its Vancouver and Toronto locations.
The sale of Mountain Equipment Co-op will go ahead after B.C. Supreme Court Justice Shelley Fitzpatrick approved the sale and dismissed an application by members to have it delayed.
Shopify CEO Tobias Lutke is stepping into the role of Craig Miller, who is set to depart his position as chief product officer on Friday.
VTEX gains unicorn status following $225M Series D (CRUNCHBASE)
Founded in 2000, the company intends to use the cash infusion to strengthen its balance sheet, Amit Shah, chief strategy officer and U.S. general manager at VTEX told Crunchbase News.
Snaptravel has created Snapcommerce, which will act as a new overarching brand with the goal of launching a number of other brands under the ‘Snap’ banner.
Amazon is trying to crack down on fraudulent reviews. They’re thriving in Facebook groups. (THE VERGE)
Third-party sellers are evading detection by hopping between tech platforms.
Late-stage AI deals push Waterloo Region’s venture funding to five-quarter high in Q2 2020 (BETAKIT)
Venture funding in the Waterloo Region reached $148.6 million in the second quarter of 2020, largely driven by two large investments into AI startups.
Alibaba expects cloud business to turn profitable for the first time within the next few months (CNBC)
Alibaba finance chief Maggie Wu said that Alibaba’s cloud computing business is expected to become profitable in this current fiscal year.
The federal government has passed a new bill that would replace the program with three new streams of federal COVID-19 benefits.
Continuing conflict between the U.K.-based owners of the Lush Cosmetics brand and their Vancouver-based partner, Mark Wolverton, has prompted the retailer to ask the BC Supreme Court to step in and settle the dispute.