Author: Q above
The wearing equipment big-card Fitbit officially announced that the plan has been put in place to move the production of all the wearable devices, such as all of their smart watches and sports hand rings, from China, and there will be no more than 1 January 2020
Fitbit said that, affected by the Sino-US trade conflict, since 2018, the company began to seek other production sites outside China, while adjusting the supply chain and manufacturing plants.
In the future, Fitbit products will no longer be available in the United States.Constraints.
The so-called 301 clause is the common name of Article 301 of the 1974 Trade Law of the United States. Generally speaking, Section 301 is a legislative authorization clause in U.S. Trade Law concerning unilateral action against foreign legislative or administrative breaches of agreements and acts harmful to U.S. interests.
Fitbit did not disclose where the new production site was, but said more details would be made public at a conference call later in the third quarter.
A few days ago, foreign media reported that Fitbit may cooperate with venture capital bank Qatalyst Partners to find a suitable potential buyer to find a way out in the fierce wearable equipment market.
Fitbit currently has a market capitalization of about $1.1 billion.