Amazon should’ve brought a longer spoon...
Yet another American company is suckered in by China and exploited. Wonder how much of their expertise they lost to China that will then be used against Amazon and against all US retailers elsewhere
I had order 103lbs of weights for my bench from Amazon made by the Chicoms and the packaging was destroyed and parts lost, they couldn’t reship so they refunded partial money.
To sum it up, even Chinese folks don’t want China made goods.
That’s why the cross border marketplace is taking off.
Of course the domestic e-commerce is booming for Amazon in the USA.
Because American small businesses usually seem to find a way to make a good product at a good price.
Amazon would be crazy to get in that market. They will nickel and dime you to death
“Like its predecessors, such as Yahoo, MySpace and eBay, Amazon is paying the piper for not adjusting itself to the ever-changing Chinese market.”
Sounds like Amazon allowed the same thing to happen to them in China that Sears did to themselves in the USA.
The Chinese steal trade secrets all the time, and do not play fair.
Alibaba is just too huge and the Chinese gov’t is going to squeeze Amazon out of the market.
They are not less Communist than they were, in the sense that they are still a totalitarian top-down society controlled centrally with little regard for the individuality of the citizens. They just recognized that they needed to exploit the ability of Capitalism to grow their economy - but they never intended to drop central control and Communism. They just needed the money.
All the while their economy has been growing they sent Chinese students to study in the US, Chinese graduate students to work in US scientific labs, and Chinese workers to every US industry they could get a foothold in, with the intent of bringing home everything they could and in eventually supplanting the US as the top world economy.
China is a closed communist country. Look what happened in Cuba after Castro took power - let’s just say they weren’t open to capitalists.
Amazon—while powerful in North America—has no chance against Rakuten in Japan and Alibaba in China.
Since it’s Amazon, I don’t are how many customers they lose.