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Foodora to close operations in Canada, citing highly saturated market(BETAKIT)
Foodora in Canada said it has been unable to reach a sustainable level of profitability in Canada and cannot continue operations.
eBay Q1 reports sales of $2.374B, active buyers up to 174M in wake of COVID-19(TECHCRUNCH)
This was a mixed result. Analysts on average were expecting $2.38 billion in revenues on earnings per share of $0.72.
WhatsApp eyes loans market in India, as Amazon launches Pay Later(INC42)
WhatsApp would be offering personal loans to consumers or providing credit for customers looking to fund purchases through its payments platform.
Shopify launches consumer-facing shopping assistant app(BETAKIT)
Shopify has launched Shop, a consumer-facing mobile shopping app designed to create a more intuitive online shopping experience.
Walmart’s ‘Express’ grocery delivery program could make COVID-19 even harder on America’s poor(FORBES)
Walmart is now treading into a dangerous new territory where everyone is no longer afforded the same Walmart experience at a time when America needs Walmart the most.
To fight fraud, Amazon now screens third-party sellers through video calls(TECHCRUNCH)
The technology is a part of a series of seller-verification processes that Amazon uses to combat fraud on its platform, which the company claims stopped 2.5 million suspected bad actors from publishing their products to Amazon in 2019.
Edited raises $29 million to optimize product pricing with AI(VENTUREBEAT)
CEO Geoff Watts said the tranche will be put toward R&D and hiring as the company expands its global presence.
How some provinces are facilitating the federal commercial rent relief program(BETAKIT)
Only three provincial governments have provided details on how they will facilitate the federal government’s commercial rent relief program.
Crisis Manifesto: How retail will change post-coronavirus(HIGHLINEBETA)
Retail is now staring at industry-wide disruption. Companies will need to change their business approaches and pivot quickly in order to stay alive.
Reliance and Facebook pilot JioMart grocery shopping on WhatsApp(TECHCRUNCH)
JioMart, an e-commerce venture run by India’s most valued firm, is testing an “ordering system” on WhatsApp, teasing the first peek at the collaboration between Facebook and Indian telecom giant Reliance Jio Platforms.