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Before we even get to the political side of "you will never win in the Chinese market", how do we explain that Amazon lost to jd.com, and Walmart (and a slew of
by hintymad 5y ago
Before we even get to the political side of "you will never win in the Chinese market", how do we explain that Amazon lost to jd.com, and Walmart (and a slew of other retailers) lost to local retailers? The Chinese government didn't favor the local retailers in anyway. Another case is Uber vs DiDi. The Chinese government didn't favor Didi either, yet DiDi managed to beat Uber hands down. Specifically, Didi managed to be profitable in short trips while losing money on long trips, and Uber's biz team found it out months later. Kinda shameful, if you ask me.
- xenihn 5y ago>The Chinese government didn't favor the local retailers in anyway. Do you have proof of this?
- hintymad 5y agoShould it be the other way around, namely do we have proof that the Chinese government interfered? I do acknowledge that it's hard to know for sure that something does not exist. It's just that there's plenty of news on how Chinese government play favors for its auto industry, for Baidu, and for media companies. But somehow I didn't see any report or even anecdote on retailing, and certainly not for Did (some cities tried to regulate both Uber and Didi).
- xenihn 5y agoI'm not the one who made a statement as if it were a fact.
- sennight 5y ago> how do we explain that Amazon lost to jt.com... JTI? Of Japan? The one where the Japanese government is legally required to own at least a third?
- hintymad 5y agoMy bad. JD.com. Updated.