- 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.
For further details see:
Alibaba: Lessons From Kindle's China Retreat