This is a brilliant article from New York Times, please do click through above and read it properly.
It highlighted few key points:
1.) Market Rules could be changed & have the carpet pulled right under market leader(s)
2.) cash talks (rather than building/aiming for sustainable business, looking at traders, probably still 'get rich quick' syndrome)
3.) It is still very very early and it is not likely to settle in a year or so (probably 3-5years)
In short, the opportunities are:
a.) invest in developing service industry (like fulfilments that 'enables' such transactions above)
b.) establish/start trust worthy domestic brands (that signifies & deliver on quality) that utilise the ODM & OEM expertise (rather than only ripping off existing international brands) i.e. investing on medium term goal
c.) Invest in training 'entrepreneurs', China need help, need to focus less on opportunistic entrepreneurs to 'sustainable entrepreneurs.
May we live in interesting times.
@GarethWong
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