I know of a Swedish company that made a deal with a Chinese company, the Swedish company no longer exist.
cool story bro
Ask HN: Do US companies regret entering China?
11–20 of 37 posts
Re: Ask HN: Do US companies regret entering China?
#12Google probably regretted it: https://en.wikipedia.org/wiki/Google_China
Re: Ask HN: Do US companies regret entering China?
#13It would be nice to show statistics, isolated cases are rarely really interesting to discuss. I've been in China recently and there are plenty of foreign brands, the most successful ones are those who adapt their message, naming, colours, etc.. to the Chinese taste, which of course should be expected.
Re: Ask HN: Do US companies regret entering China?
#14I know of a Swedish company that made a deal with a Chinese company, the Swedish company no longer exist.
Funny, I know of a Finnish company who placed as its CEO an ex-executive of an American company. The company then adopted said American company's platform, had consecutive huge losses (for the first time in decades), and was forced to sell several divisions to the same American company...
Nokia, right?
Re: Ask HN: Do US companies regret entering China?
#15Who ever regretted training their replacement?
Re: Ask HN: Do US companies regret entering China?
#16Earlier quoted context omitted.
Funny, I know of a Finnish company who placed as its CEO an ex-executive of an American company. The company then adopted said American company's platform, had consecutive huge losses (for the first time in decades), and was forced to sell several divisions to the same American company...
Nokia, right?
I can neither confirm or deny this
Re: Ask HN: Do US companies regret entering China?
#17Why US companies specifically?
Some HN'ers forget that not all of HN is from the US. Not too werid given the amount of local SF news on here. OP likely means "non-Chinese" or "Western".
Re: Ask HN: Do US companies regret entering China?
#18It would be nice to show statistics, isolated cases are rarely really interesting to discuss. I've been in China recently and there are plenty of foreign brands, the most successful ones are those who adapt their message, naming, colours, etc.. to the Chinese taste, which of course should be expected.
I think GM-SAIC is the biggest example.
China is the one and only country in the world that bought into Buick...
They got a very good perception that they are not in the business of selling cars, but in the business of selling "Americannes." Most Chinese Buick buyers care not of the car falling apart as they drive, as much as it being an American car
Re: Ask HN: Do US companies regret entering China?
#19It would be nice to show statistics, isolated cases are rarely really interesting to discuss. I've been in China recently and there are plenty of foreign brands, the most successful ones are those who adapt their message, naming, colours, etc.. to the Chinese taste, which of course should be expected.
KFC famously sold congee on their menu and Costco only sells foreign made goods (ie. made in Canada/USA) in China.
Re: Ask HN: Do US companies regret entering China?
#20It would be nice to show statistics, isolated cases are rarely really interesting to discuss. I've been in China recently and there are plenty of foreign brands, the most successful ones are those who adapt their message, naming, colours, etc.. to the Chinese taste, which of course should be expected.
I think GM-SAIC is the biggest example. China is the one and only country in the world that bought into Buick... They got a very good perception that they are not in the business of selling cars, but in the business of selling "Americannes." Most Chinese Buick buyers care not of the car falling apart as they drive, as much as it being an American car
They design the Buicks in China now and carry it over to the US in a twist of tables.