5 ms·
Yet another company driven out of China by government-industry collusion.
by gonyea 9y ago
Yet another company driven out of China by government-industry collusion.
- hndamien 9y agoLooks like Bitcoin is the only "company" succeeding in China.
- adventured 9y agoDisney will probably do ok with their new park, if only because it's only 43% owned by Disney. Apple and Starbucks are among the few still thriving, for now. GM is also still doing ok there, via a typical partial ownership arrangement. McDonald's and YUM! Brands threw in their towels, after initially having booming businesses.
- seanmcdirmid 9y agoStarbucks is also in a JV for tier one cities. They are pushing into second+ tier cities because the Chinese government is letting them do it outside a JV.
- PowerfulWizard 9y agoIt's the playbook. They need competition to drive improvement of their local blessed firm. Once they are globally competitive they can compete internationally and monopolize the China market.
- ForRealsies 9y agoThis is going to sound so ironic regarding what we'll learn about Amazon in the future.