China was seen as a gold mine for Western tech companies but now they are leaving there empty-handed - ABC News


7/14/2022 12:00:00 AM2 years 9 months ago
by Wing Kuang

US billionaires once believed the "sky would be the limit" when it came to making money in China, however, in recent months, several tech giants — including Amazon's Kindle and Airbnb — have joined a growing exodus from the country.

For years, the US business community has fixated on a quote from Jack Welch, the former CEO of General Electric, on the future of China's market.  "We all had our fingers crossed that the sky would … [+10224 chars]

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