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So rather than competing with the duopoly of AliPay and WeChat, Stripe decided to not enter the Chinese market because it will change China's behavior- Somehow
by bigpumpkin 6y ago
So rather than competing with the duopoly of AliPay and WeChat, Stripe decided to not enter the Chinese market because it will change China's behavior- Somehow letting the profits flow to two Chinese giants will help its society become more free.
- saltedonion 6y agoThat’s not the real problem. The real problem is By leaving America is doing charity work. Another player from another country is just going to fill in the void. The idea of voluntary exit is as good as we should all be model citizens. Indeed an idea as good as communism. It’s beautiful on paper.