tech:

taffy

Fitbit, Alibaba Ink Chinese Expansion Deal

Fitbit and Tmall.com, the Chinese platform for brands and retailers owned by Alibaba Group, have signed a memorandum of understanding (MoU) to expand Fitbit’s reach in China. As part of this arrangement, Fitbit will establish a retail presence on Alibaba’s Tmall.com online shopping site.

In a statement released by the company, Fitbit says it has shipped more than one million Fitbit Blaze devices in its first month of availability in the U.S., Europe, Australia and South Asia, as well as over one million Alta devices since it went on sale in the U.S. in March.

[Image courtesy: Fitbit]

 

Just in

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.