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CHIS - Alibaba: Lessons From Kindle's China Retreat
Global X Funds MSCI China Consumer Staples
Beijing’s approval for another round of video game licenses signals that regulatory pressure has passed its peak.
Yet, as an Alibaba investor, I find another piece of recent news of equal fundamental significance and further-reaching implications: Kindle’s retreat from China.
It reflects the lack of a broad membership in China currently, both a challenge and a tremendous opportunity for Alibaba.
It also illustrates the importance of cultural awareness (or the consequences of the lack of it), where Alibaba enjoys a home advantage.