Change strategy
Updated: 2012-06-06 08:05
(China Daily)
|
||||||||
Comment on "Well-known US magazine may be quitting China" (China Daily, May 30)
That Reader's Digest may fail in the Chinese market, while another Chinese magazine Duzhe is seeking an IPO, clearly demonstrates the large cultural obstacles US companies may meet in China.
Reader's Digest is not the first in what is actually a long list of failures. Yahoo, for example, has never succeeded in China, although it has tried hard for years.
In my opinion, the reason for the failure of US companies in the Chinese market is they haven't successfully localized their products to cater to Chinese customers' needs and tastes.
Starbucks, which has succeeded, changed its strategy to target high-income customers in China.
To summarize, do not always expect a US company to succeed in China simply by copying its business model in the United States. This is especially true for culture and lifestyle companies.
Andy,via e-mail
Readers' comments are welcome. Please send your e-mail to opinion@chinadaily.com.cn or letters@chinadaily.com.cn or to the individual columnists. China Daily reserves the right to edit all letters. Thank you.
(China Daily 06/06/2012 page9)
Relief reaches isolated village
Rainfall poses new threats to quake-hit region
Funerals begin for Boston bombing victims
Quake takeaway from China's Air Force
Obama celebrates young inventors at science fair
Earth Day marked around the world
Volunteer team helping students find sense of normalcy
Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
![]()
|
![]()
|
![]()
|
![]()
|
![]()
|
![]()
|
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
![]()
|
![]()
|