Good morning from the Financial Times. Today is Wednesday, May 20th. This is your FT news briefing.

Facebook is about to go head-to-head with Amazon and eBay, and why Germany and France's 500 billion euro recovery plan still has a few hurdles to overcome.

Plus Oyo, Dede, Uber, all of these big bets from Soft Bank's Vision Fund took a hit because of coronavirus.

So what does that mean for founder Masayoshi Sun and his future investments?

If you look back at Masa's career, he's obviously very famous for making tech investments after a crisis.

I mean, he's very good at finding opportunities when there is a crisis, when the valuations crash.

Our Tokyo correspondent, Kana Inagaki, will explain. I'm Mark

Filipino and here's the news you need to start your day. Facebook has a little more than two and a half billion users and Chief Executive Mark Zuckerberg is betting they'll flock to the

social network's new online shopping venture. The company said on Tuesday that

the service will be called Facebook shops and it will allow sellers to create digital storefronts on

Facebook or Instagram. Users can browse products, message businesses to arrange purchases

and in some cases buy things directly through an online

checkout feature. In an interview with the F.T. Mr. Zuckerberg said the company is

ramping up its plans for Facebook shops to take advantage of the coronavirus crisis online shopping boom.

He also suggested that the service could work for restaurants sometime in the future.

Food delivery has of course grown in popularity during the lockdowns.

But when it comes to the main rival in e-commerce, Amazon, Mr Zuckerberg said that he was not

trying to copy its end-to-end experience. Instead he would work with existing e-commerce services such

as Shopify. That company helps small businesses create online shops and takes care

of analytics and payments. It's also expected to work with other shipping and

logistics services.

The push into e-commerce is also tied to Facebook's

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