Killing a chicken to scare the monkey, is a famous saying in China. Giving Wal-Mart trouble might be a way for Chinese authorities to send a signal to foreign companies in China, tells business analyst Shaun Rein in Business Week. Local protectionism is on the rise.
Category Archives: retail
Unlike Wall Street Journal’s columnist Bussey Shaun Rein does not think Wal-Mart – or any other foreign retailer in China – is bullied by the authorities. It’s Wal-Mart who betrayed its customers. Foreign retailers gain more and more market share, he tells in CNBC.
Low prices might be Wal-Mart’s key marketing tool in the US, in China you lose as a foreign company from domestic competition if you try to beat them on prices, tells business analyst Shaun Rein in Reuters.
American retailers have a hard time surviving outside their home turf, compared to European and Asian companies, retail analyst Paul French tells Reuters. Wal-Mart had to close stores and saw staff arrested because of price manipulation and mislabeling food products in their stores.
Nestle’s anticipated mega deal brings back the US$ 2.4 bn deal by Coke, rejected in 2009 by the Ministry of Commerce for fears the new company would dominate the market. While Nestle’s deal is huge, it has not Coke’s problems, tells Shaun Rein in Fortune.
Media watcher Jeremy Goldkorn tries to analyze for TechCrunch the mess Groupon it getting itself in, now the US firm is teaming up with China’s internet giant Tencent. Sending inexperienced expats to China, might just be only one of its problems.
Women in China have become a major force among the country’s super spenders, writes Shaun Rein in CNBC. When you want to tap into China’s booming market, that is a group you have to understand.