Why Amazon didn’t make the cut in China
Source: TechInAsia When Amazon announced recently that it was giving up the ecommerce business in China, it wasn’t because of Chinese protectionism. Retail, after all, is almost the only sector where Beijing doesn’t favor the locals. LVMH, Prada, Gucci, Zara, H&M, and Uniqlo all prosper. It’s a rare, relatively level playing field for foreign companies, a sector … Read more