When I read WSJ*, it occasionally mentioned company trying to do business in China. Some of these companies success and some exit miserably. The companies that exiting the China market usually because of regulation imposed to them making them difficult to succeed.
However, I was wondering why every company needs to go China even when the regulations are very difficult to comply with?
The population of China is 1.3 billion. It is a very lucrative market, of course, because of the growing middle class.
If your company is located in the US, let’s say you already completely dominate the US market, you will have 318.9 million customer. The next you can go is Europe, which has 742.5 million people. If you already dominate US and Europe, the next you can go is India, which has 1.2 billion people. If you now dominate US, Europe, and India, you can next go to Africa, which has 1.1 billion people.
The world has 7.4 billion, excluding China is 6.9 billion. If your product can reach 6.9 billion, it’s a very successful product.
Of course, it’s a very utopian thinking, but my point is, why putting so much effort going into a market where its government interest is to let you in, give you unfair advantage against its local company, and kick you out afterward?
*WSJ is provided freely at work.
This is a legal thriller I found offered by Amazon to its Prime members with a Kindle.
The main character of this book is an attorney name Joe Dillard. I felt this character became an attorney probably because he can, but he does not necessary want to be one. Dillard wanted out as an attorney because he was often assigned to represent clients that he did not like to be linked with. It’s not the hardship Dillard is dealing with, it’s more of how he wanted out with a case that could pay him well enough to get out.
The story pace is fast and it is a page turner. The characters in the book were typical and I did not find any surprises. It’s like reading a movie script.
I like the story, it’s a good read for leisure.
By the way, Scott Pratt is a independent author, so basically he has no publisher to advertise for him. I guess publishing on Kindle is a good way to go. Good job.
Which country are you rooting for in the Olympics?
I got asked with this kind of question every time when an International event is about to happen.
I was born in Hong Kong, educated in the USA, and currently working at a Japanese company.
Which country am I rooting for?
I am rooting for the athletes competing in the games. When an athlete win a gold, silver, or bronze, I am celebrating for them regardless their country of origin.
Athletes of the Olympics, let’s celebrate your hard work!