S|W: The SaaS Weekly – Profitability push

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The SaaS Weekly is a weekly newsletter covering major SaaS news from Canada and around the globe.

Subscribe to S|W using the form at the bottom of this page to ensure you don’t miss out on the most important SaaS news every week!


BBTV closes IPO, completes buyout of RTL’s interest in company (BETAKIT)

BBTV Holdings, the holding company behind Vancouver-based media & technology company BroadbandTV, announced Wednesday morning it has closed its IPO on the TSX.


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Broadcasting bill targets online streaming services (THE GLOBE AND MAIL)

The federal government tabled changes to the Broadcasting Act that it says will require online streaming services to contribute as much as $830-million a year toward Canadian content by 2023.


Uber and Lyft drivers in California will remain contractors (NEW YORK TIMES)

The victory of Proposition 22, the most expensive initiative in the state’s history, could help gig companies remake labor laws throughout the country.


Airbnb to make IPO filing public next week despite COVID-19 surge: sources (REUTERS)

The U.S. home rental company’s planned debut on the Nasdaq is set to be one of the largest stock market listings of 2020, amid a pandemic that has seen demand for house rentals surge as vacationers snub hotels to practice social distancing.


Alibaba cloud growth outpaces Amazon and Microsoft as Chinese tech giant pushes for profitability (CNBC)

Alibaba reported cloud computing brought in revenue of 14.89 billion yuan ($2.24 billion) in the three months that ended Sept. 30, a 60% year-on-year rise.


Are Chinese spies trying to hack this anticensorship startup? Its execs believe so (FORTUNE)

The venture, while tiny, has gained traction as an antidote to state censorship of online information sources, especially as some governments clamped down amid the coronavirus pandemic.


Software firm Coupa to buy supply-chain tech provider Llamasoft (WALL STREET JOURNAL)

The turmoil in supply chains this year is drawing more investment in software and technology that can help companies minimize risks and build in backstops.


TikTok parent ByteDance seeks to raise cash at $180 billion valuation (BLOOMBERG)

ByteDance Ltd. is in discussions to raise $2 billion before listing some of its businesses in Hong Kong, people familiar with the matter said, even as it seeks to avoid a ban on its TikTok service in the U.S.


Kuaishou files for Hong Kong IPO as world’s second-biggest short video app joins march of Chinese tech companies to raise funds (SOUTH CHINA MORNING POST)

The IPO came as Chinese companies are seeking elsewhere to list amid the increased tensions between the world’s two largest economies.


Spotify hints at subscription podcast service (THE VERGE)

The survey describes at least four possible subscription podcast plans, ranging from $3 to $8 per month.


Willful, Cisco, and The Canadian Shield share how to lead with empathy and flexibility (BETAKIT)

Willful CEO Erin Bury, The Canadian Shield President Jeremy Hedges, and Cisco Designed’s Wayne Cuervo discuss how small businesses can survive and thrive.



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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.