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It's also essentially game theory; the first defectors (those entering the Chinese market) will seize most of the reward.
by alehul 8y ago
It's also essentially game theory; the first defectors (those entering the Chinese market) will seize most of the reward.
- landryraccoon 8y agoSo now that US companies have entered China, can you name some examples of first entrants who have “seized the market”? I think your entire premise is dubious. The first mover advantage cannot be great because the Chinese government will never allow a foreign company to have a dominant position in an important domestic Chinese market. Without significant change since in government those first entrant companies are simply very foolishly assuming the regulatory environment will be anything like it is in the United States or Europe.
- che_shirecat 8y agoApple? They clocked almost $10B in revenue from China in Q3 2018, close to 20% of total revenue.
- deleted 8y ago[deleted]
- deleted 8y ago[deleted]
- anon92612 8y agoKFC, McDonald’s, Starbucks, Nike, Adidas, Polo, Estée Lauder, Coach, Michael Kors, Armani, Chanel, Gucci, are all extremely popular. Go to any department store in China and the first two floors (i.e. the prime spots) all feature foreign brands.
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