tech:

taffy

Quick take on E-Commerce in Brazil

Zia Daniell Wigder, principal analyst, and research director with Forrester, talks about the e-commerce ecosystem in Brazil. Read about it here.

Some of the key findings include:

a] Multi-channel functionality is catching up. “While there are few options like in-store pickup or returns currently available on leading retailers’ e-commerce sites, the fact that many of the large traditional retailers are active in eCommerce means that multichannel functionality is poised to be a core area of investment going forward,” says the report.

b] Global eCommerce players are not playing in Brazil. Amazon does not have a presence in Brazil. “As in markets like China, leaders in the space are local companies or regional players like MercadoLivre.”

c] Knowledge about e-commerce best practices is not lacking. “Retailers’ tempered adoption of advanced tools and features tends to be a calculated approach rather than due to a lack of familiarity with the technologies or options available.”

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.