Shopify said the new sales channel with JD.com, which launched on Tuesday, opens the door to 550 million customers in China.
Founders say they aim to be at the forefront of a new generation of made-in-Ottawa tech titans led by the “Shopify mafia”.
That's up from last year’s total of $2.4 billion and more than double 2019’s tally.
Ottawa-based e-commerce firm reported a third-quarter profit of nearly US$1.15 billion, boosted by an unrealized gain on its equity investments.
Deal is just the latest in a string of new partnerships for Shopify over the past several months as the Ottawa firm seeks to capitalize on the e-commerce boom.
The Ottawa-based e-commerce powerhouse’s share price has risen 846 per cent on the Toronto exchange over the last three years.
Shopify's president joins a group that also includes tennis star Naomi Osaka, Tesla CFO Zach Kirkhorn and TikTok CEO Shou Zi Chew.
Latest departure from Ottawa-based firm's leadership team comes after three members of its C-suite left the company earlier this year.
Ottawa firm says that as of Aug. 1 it won't take any share of the first $1 million in revenue developers make every year on products they design for the company's software.
Backbone Angels is among the investors in T.O.-based firm's $1.7-million seed round.