3 ms·

If you had a startup and you sold things online (outside of China), you would not find many Chinese consumers or customers, even if you allowed Unionpay or Wech

If you had a startup and you sold things online (outside of China), you would not find many Chinese consumers or customers, even if you allowed Unionpay or Wechat. Sure there is a Yuan denominated market, but when it comes to consumption it is a kitten relative to China's size - because most Chinese consumers opt to not spend their money and save it instead - relative to an American consumer. And the outcome of that is in China you would on average have more savings than an American, but an American would have bought more things if everything else were equal. But on the Americans version of it those dollars they spent are saved up by the vendor and show up on stats vs everyone else and they are larger.

user_named 3y ago
No, I absolutely would find an incredibly large amount of Chinese customers if they were my target market.
- neximo64 3y ago
  Do you have an example of this, as quite nearly it is the experience of every Shopify seller or SaaS vendor. You can get Chinese customers, but they'll be local customers to your market (e.g selling in America, Australia, Europe, etc) but not from China where you ship there. There's a reason it is hard to fill container ships heading back to China.
  - user_named 3y ago
    Shopify sellers don't market do Chinese costumers. They don't understand how to and they don't speak Chinese.
    - neximo64 3y ago
      Thats not true, there are Shopify merchants that target immigrants in countries that are exclusively in Chinese, Japanese, Malaysian.. etc It is easy to sell to a Chinese audience in America, Europe, etc. What is almost impossible is getting Chinese people to buy your thing selling from abroad. It's possible but its out of the realm of easy by far. And that is the point, an American consumer (even a Chinese migrant) is easily and far more profitable than targeting China directly (so you export to China from another country). And if its not infant formula, its even harder.
      - user_named 3y ago
        Nope. Tons of shops on taobao ship from abroad. Go where the customers are.
        neximo64 3y ago
        It is not possible to sell on Taobao with an American/European/Japanese/Australian/Singaporean,etc company, also without a physical rental or property in China. Also this conversation is becoming a bit laboured considering how obvious the differences are: I will reiterate how easy it is to access the profitability of an American consumer vs any other country from any country. And the impact it has on the dollars accumulated by selling to Americans is still unchallenged (its still at the top of the list). The key to changing the reserve of US dollars is attacking this fundamental truth as that is the source of the US dollars being a majority in the first place. I understand the dislike of having US dollars so prominent but the reason they exist is simply they aren't spent by the people who sold to the US. That is the fundamental thing to change to get rid of dollar dominance as it is the root. I would recommend to you a book by Michael Pettis, a professor at the University of Beijing called The Great Rebalancing who makes this all clear. He is also not sycophantic to the US if that is a concern

user_named 3y ago

No, I absolutely would find an incredibly large amount of Chinese customers if they were my target market.

neximo64 3y ago
Do you have an example of this, as quite nearly it is the experience of every Shopify seller or SaaS vendor. You can get Chinese customers, but they'll be local customers to your market (e.g selling in America, Australia, Europe, etc) but not from China where you ship there. There's a reason it is hard to fill container ships heading back to China.
- user_named 3y ago
  Shopify sellers don't market do Chinese costumers. They don't understand how to and they don't speak Chinese.
  - neximo64 3y ago
    Thats not true, there are Shopify merchants that target immigrants in countries that are exclusively in Chinese, Japanese, Malaysian.. etc It is easy to sell to a Chinese audience in America, Europe, etc. What is almost impossible is getting Chinese people to buy your thing selling from abroad. It's possible but its out of the realm of easy by far. And that is the point, an American consumer (even a Chinese migrant) is easily and far more profitable than targeting China directly (so you export to China from another country). And if its not infant formula, its even harder.
    - user_named 3y ago
      Nope. Tons of shops on taobao ship from abroad. Go where the customers are.
      - neximo64 3y ago
        It is not possible to sell on Taobao with an American/European/Japanese/Australian/Singaporean,etc company, also without a physical rental or property in China. Also this conversation is becoming a bit laboured considering how obvious the differences are: I will reiterate how easy it is to access the profitability of an American consumer vs any other country from any country. And the impact it has on the dollars accumulated by selling to Americans is still unchallenged (its still at the top of the list). The key to changing the reserve of US dollars is attacking this fundamental truth as that is the source of the US dollars being a majority in the first place. I understand the dislike of having US dollars so prominent but the reason they exist is simply they aren't spent by the people who sold to the US. That is the fundamental thing to change to get rid of dollar dominance as it is the root. I would recommend to you a book by Michael Pettis, a professor at the University of Beijing called The Great Rebalancing who makes this all clear. He is also not sycophantic to the US if that is a concern