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Chinese strategy of monopolizing markets via low prices is strange, it has no moat, they win simply because they provide the best value. I mean, its great for u
by seanmcdirmid 8mo ago
Chinese strategy of monopolizing markets via low prices is strange, it has no moat, they win simply because they provide the best value. I mean, its great for us, I’m all for it, but it doesn’t have an end game where they can actually ever set prices.
- ethbr1 8mo agoThey win because it leverages their strategic asset: a vast labor pool. Right now they're trying to avoid the other side of that coin (low value trap) by integrating vertically.