[gonyea]

Yet another company driven out of China by government-industry collusion.

[PowerfulWizard]

It's the playbook. They need competition to drive improvement of their local blessed firm. Once they are globally competitive they can compete internationally and monopolize the China market.

[ForRealsies]

This is going to sound so ironic regarding what we'll learn about Amazon in the future.

[hndamien]

Looks like Bitcoin is the only "company" succeeding in China.

[adventured]

Disney will probably do ok with their new park, if only because it's only 43% owned by Disney.

Apple and Starbucks are among the few still thriving, for now. GM is also still doing ok there, via a typical partial ownership arrangement.

McDonald's and YUM! Brands threw in their towels, after initially having booming businesses.

[seanmcdirmid]

Starbucks is also in a JV for tier one cities. They are pushing into second+ tier cities because the Chinese government is letting them do it outside a JV.