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
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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