4 ms·
Disney's partner is the Shanghai government, not Wang. And the partnership was many years in the making. Wang only made his boast after the park openned, to dra
by fspeech 8y ago
Disney's partner is the Shanghai government, not Wang. And the partnership was many years in the making. Wang only made his boast after the park openned, to draw attention to his own properties.
KFC and McD owned Chinese franchises for decades before spinning them out for financial reasons.
- adventured 8y agoI never said Disney's partner was Wang. I said that Wang said he was going to chase Disney from China with his own parks. Yum and MCD were forced into partnering locally and giving up total ownership of those businesses. If you're a German company you can freely set up a US version of your business and own it outright. Nintendo doesn't have to give up eg 70% of its stake in Nintendo of America. That's not the case if you're MCD trying to operate in China.
- fspeech 8y agoCould you give your source on MCD being forced to spin out their stores? In US 90% of the stores are owned by franchisees, not MCD https://www.mcdonalds.com/us/en-us/about-us/franchising.html https://www.mcdonalds.com/us/en-us/about-us/franchising.html Why should China be different? You said "Wang Jianlin had touted that he'd personally chase Disney from China, and that his parks would dominate instead. Disney really had no choice but to acquiesce and partner up." I pointed out that the partnership with Shanghai predated Wang's boast by many years. If you didn't mean to imply some kind of causal relationship between the two you may want to clarify.
- dnomad 8y agoThe entire comment, like so many others, is just pure nonsense. This is not about understanding the reality it's about validating a narrative and so you get completely made up "facts" like Disney being forced to partner up when nothing of the sort has actually happened.