U.S. investors Greylock Partners, Trilogy Financial, Flying Fish Partners and Madera Partners also backed the Seattle-based startup. The firm uses AI to help companies understand and optimize sales and marketing. (The Logic)
The code necessary to install the button to offer Amazon’s free, two-day delivery service to shoppers violates Shopify’s terms of service, spokesperson Jackie Warren said. Merchants who add it to their store templates receive a pop-up message warning that the addition “removes Shopify’s ability to protect your store against fraudulent orders, could steal customer data and may cause customers to be charged the wrong amount,” according to screenshots published by e-commerce research firm Marketplace Pulse. (The Logic)
One of China’s largest agricultural e-commerce hubs has quietly introduced Temu, a low-cost online retailer selling a wide range of products from women’s jewelry to mobile phone accessories. (The Logic)
The Alberta public pension fund’s investments lost 6.8 per cent totalling $9.8 billion in the first six months of 2022, down 14.7 per cent from the same period last year. The results were slightly better than the benchmark portfolio against which it measures its performance. It ended the quarter with $136.6 billion in assets. (The Logic)
Two unnamed government sources told La Presse the British firm’s progress has faced challenges that are unlikely to be resolved during the campaign leading up to the Oct. 3 vote. (La Presse)
Information Venture Partners led the US$8 million Series A round. Fidelity International Strategic Ventures also participated. (The Logic)
Blockchain Foundry, a Toronto-based blockchain development firm, said the Kevin O’Leary-backed crypto company had agreed to buy it for about 26.3 million WonderFi shares, worth roughly $12.6 million. (The Logic)
Sources told The Globe & Mail that the firm cut about 70 staff, and that most retained employees received bonuses or pay increases. Shopify spokesperson Jackie Warren told The Logic that The Globe’s report “grossly overestimated” the number of cuts, and that pay changes were part of a new compensation system the firm began rolling out in early August. (The Globe & Mail)
Some 492,000 accounts wagered a combined $4.08 billion between April and June across 31 sites, according to provincial regulator iGaming Ontario. (The Logic)
The Japanese carmaker said it’s putting billions of dollars toward building batteries for battery-electric vehicles in the U.S. and Japan, which includes boosting its investment in its North Carolina plant by US$2.5 billion. (The Logic)