国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

China / Hot Issues

Didi's home-court advantage delivers a win

By Randy Wright (China Daily) Updated: 2016-08-05 08:01

If you're planning to do business in China, be warned: The Chinese have a major home-court advantage.

I know a little about home-court advantages, being from Utah. I'm a Utah Jazz fan since the days when Karl Malone and John Stockton turned the pick-and-roll into a steamroller. There was Thurl Bailey with his operatic voice, and a tectonic land mass known as Mark Eaton at 2.24 meters and 132 kilograms.

The Jazz has long led the sports world with a home-court advantage far above the NBA league average of 3.2 points per game. Between 2005 and 2013, the Jazz had an astonishing 6.2-point advantage when playing at home.

If China were an NBA franchise, its home-court advantage would be off the charts - which presents a big challenge for Western companies. Giants like WeChat, Alibaba and Baidu have held firm against would-be Western invaders. Apple, too, is feeling the squeeze.

Why? One factor may be Chinese quality. WeChat is, I humbly submit, superior to Western social media products, and I've encouraged all my relatives in the United States to use it. Another factor is the sheer gravitational pull of culture - including the Chinese language and way of doing business. Then there's the Chinese regulatory regime, which is sort of like having helpful home-court referees in the NBA.

A few days ago, China's size advantage on its home court was on full display with the merger of ride-sharing innovators Didi Chuxing and US import Uber China. Travis Kalanick, Uber's chief, had tried his best, but Didi's mass was simply too much to overcome, and Uber was sucked in to China's orbit.

Uber's ceding of China to Didi was a telling moment, yet the company retains an 18 percent piece of the domestic pie. Its $2 billion investment in China magically morphed to around $7 billion in value. And the road ahead appears to be paved with gold.

If you're going to lose to the home team, cash like that certainly must ease the pain. Didi can now do the heavy lifting, and Uber will still rake in so much money it will have to stop counting and start weighing.

The win-win deal frees the intrepid Kalanick to invest billions in other parts of the world where Didi won't be. Uber can grow without the hassle of an aggressive giant panda nipping at its heels all the time.

In fact, the two friendly partners, can now potentially divide up the world between them - as Churchill and Stalin divided postwar Europe on a piece of scrap paper, which Churchill called the "naughty document".

Of course, there's nothing naughty about ride-sharing. It's a powerful business model with exploding global demand.

My wife and I have become devoted Didi fans, catching a ride or two almost every day in Beijing. My only worry is that a monopoly in the marketplace will lead to higher prices. That would take some of the shine off the home court's hardwood.

Highlights
Hot Topics

...
浦城县| 股票| 湘潭县| 深水埗区| 诏安县| 分宜县| 淮滨县| 崇仁县| 广丰县| 南通市| 阜平县| 吉木乃县| 玛沁县| 金阳县| 东莞市| 永州市| 金溪县| 太谷县| 德令哈市| 开阳县| 恩施市| 文成县| 共和县| 柘城县| 司法| 资阳市| 寿宁县| 葵青区| 大足县| 鄂托克前旗| 韶关市| 铁力市| 攀枝花市| 砀山县| 屏边| 夏邑县| 西和县| 芜湖市| 罗江县| 巨鹿县| 诸城市|