Tim Hortons eyes China coffee drinkers with Tencent investment – TechCrunch

[ad_1] Canadian coffee-and-doughnut chain Tim Hortons has secured a heavyweight partner to further its China expansion. The company announced on its social media account (in Chinese) on Tuesday that it has landed funding from Tencent, the Chinese social networking and gaming giant, without disclosing the size of the proceeds. Tim Hortons did not immediately respond…

Big rounds, big mergers and a $3.8M pandemic fund from Nubank – TechCrunch

[ad_1] Despite the global panic caused by the current pandemic, startups in Latin America have continued to attract international capital. In April, Mexico’s Alphacredit, Colombia’s Frubana and Brazil’s CargoX were among those that raised particularly large rounds to support their growth during this challenging time. All three companies target markets that may have grown since…

JustEat Takeaway $7.6B merger approved, pair pick up $756M in new funding – TechCrunch

[ad_1] On the heels of Amazon getting approval from the competition authority to proceed with an investment leading a $575 million round for food delivery startup Deliveroo in the UK, two of Deliveroo’s biggest rivals got their own £6.2 billion merger approved, and they have subsequently picked up an extra $756 million to come out fighting.…

Uber pulls back from operating profit target – TechCrunch

[ad_1] Uber is strolling back its steerage for what was presupposed to be a milestone 12 months for the ride-hailing firm that included reaching an operating profit by the final quarter. Uber mentioned Thursday it was withdrawing its 2020 guidance for gross bookings, adjusted web income, and adjusted EBITDA, which have been offered on February…

Delivery Hero CEO shares what he’s learned about managing logistics during a pandemic – TechCrunch

[ad_1] Food-delivery platforms are on the entrance strains during the coronavirus disaster, with main spikes in demand as communities are confined at dwelling, possible with extra time to prepare dinner than typical. And whereas some eating places have opted to close down, others have turned to takeout as a lifeline. Yet bodily contact between suppliers,…