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Facebook, Twitter, and Big Tech Make their money in China
Last year, Amazon was forced to shut down its marketplace business in the People’s Republic of China. Amazon’s defeat followed that of a long line of Big Tech players who had tried to make a go of it in China and failed miserably. China’s economy is built to boost domestic businesses and foreign exports, with some needed imports, by companies linked to the Communist Party.And no matter how politically correct Amazon may try to be, it can never join that club. But Amazon’s business in China isn’t done. To a large degree, Amazon’s business is China. Behind the smiling logo, the massive array of businesses covering everything from running the CIA’s cloud to spending $500 million to make a Lord of the Rings streaming series, are a bunch of grim offices, apartments, and warehouses in Chinese cities that make up its real business. Posted by: 746 2020-10-23 |
| http://www.rantburg.com/poparticle.php?ID=585550 |