Kendra Schaefer, partner of Beijing-based strategic advisory consultancy Trivium China, said the regulatory tightening efforts hadin April also showed 81 per cent of surveyed US companies were
Xiaofeng Luo, a 25-year-old marketing specialist and bookworm from Zhejiang province, said she had read "around 100 books" on her Kindle device when she was 17."I couldn't find the books I want to read on Kindle. I would get their paperbacks on Amazon, but weirdly there's no Kindle version of them," she said.
Ms Luo also enjoyed the social feature of WeRead, which allows users to share their reading lists or discuss content with other users on the platform. Airbnb has also faced challenges from its Chinese rivals, such as Tujia, which boasted 2 million listings of shared accommodation in 2020 — 13 times more than Airbnb.
Or it could be that the local Chinese product is superior and out competing them.
Apparently, the author of article didn’t really understand what does it means to do business in China, any sort of business. To put in simple words: the CCP rules all. Why international platform doesn’t work in China? Cos nobody want a CCP decision making branch setup inside them
If you read the article you’ll find the title abit misleading. Anyway I think it’s not just China (though media like to focus on them), European countries, India etc all trying their best to build their own local Tech brands and push out tech brands from other countries.
In fact, it is China that has abandoned the biggest American companies, and China doesn’t need them.
They certainly did reap the benefits of child labor while it was hot though.
Because USA hegemony says that they must go against China for any stupid reason
China was smart enough to see its country become invaded by US UK EU corporate greed, using Chinas cheap resources to create parasites like bezos... But unfortunately for US parasites while US engage in conflict propaganda, China engaged in global trade relations...