TechTaffy

tech:

taffy

Alibaba Inks Business Financing Deal With Lending Club

By TechTaffy Desk

Lending Club

Lending Club, an online marketplace connecting borrowers and investors, and Alibaba.com, a global wholesale trade platform owned by the Alibaba Group, have inked a strategic, multi-year partnership. Under the terms of the partnership, Lending Club will be the exclusive solution for point of sale business financing for up to $300,000 for Alibaba.com’s millions of U.S. business buyers.

Under the newly formed partnership and a new product called “Alibaba.com e-Credit Line powered by Lending Club,” U.S.-based business buyers can apply for working capital they need when purchasing goods from China-based suppliers on Alibaba.com.

[Image courtesy: Lending Club]

 

Just in

Around the web

Windows 11 Start menu ads are now rolling out to everyone — The Verge

Microsoft is starting to enable ads inside the Start menu on Windows 11 for all users, writes Tom Warren. 
Around the web

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.
IT

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.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

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.