Why America’s Biggest Brands Are Failing to Keep Up in China | WSJ

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The Wall Street Journal

The Wall Street Journal

Күн бұрын

Major American brands like Apple, Nike, Starbucks and McDonald’s are rapidly losing market share in China to new domestic rivals. Chinese tech company Huawei, sportswear brand Anta, Luckin Coffee and fast-food restaurant Tastien are eating away at these American brands' market dominance.
WSJ’s Jonathan Cheng explores how Chinese brands are squeezing their U.S. rivals out.
Chapters:
0:00 Chinese restaurant Tastien
1:00 China’s importance to U.S. brands
2:54 Chinese nationalism
3:57 Rapid expansion
5:32 What’s next?
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#China #Economy #WSJ

Пікірлер: 3 000
@wsj
@wsj 26 күн бұрын
China reopened to foreign students. Americans are staying away: on.wsj.com/3Y2StF8
@dsdgdsfegfeg
@dsdgdsfegfeg 26 күн бұрын
This is bad journalism from WSJ. 🔸Young Chinese are VERY pro Western brand & very Anti-China brands 🔸Sales are down because 1: China's economy has collapsed 2: The CCP are doing everything possible to limit & push out western brands, including mass subsidization of CCP (state) companies
@Kennon959
@Kennon959 26 күн бұрын
They stopped for 2 years and after that students could come in quarantine then were allowed to study and travel throughout China
@dsdgdsfegfeg
@dsdgdsfegfeg 26 күн бұрын
@@Kennon959 CCP 🇨🇳 China is desperate for tourists. But no one is coming. That's what happens when the CCP threaten every country in the world
@deezeed2817
@deezeed2817 26 күн бұрын
The Americans like the Japanese are easily brainwashed and swayed by their leaders who call China a "threat". But Socialist China will continue to advance and China will show the young people of these capitalist nations a state that is not be feared but can solve the problems that capitalism cannot.
@matpk
@matpk 26 күн бұрын
這條短片很多吱吱人
@cowholy3031
@cowholy3031 26 күн бұрын
If the US companies want to make money, they need to compete. If you can get the same coffee at the price of $2, why bother to spend $4 at Starbucks?
@Kbcqw
@Kbcqw 26 күн бұрын
A lot of people will pay 4$ for a coffee knowing full well that down the street they can buy a cup for 2$ though. The consumer is a tricky one to figure out…
@khoado1999
@khoado1999 26 күн бұрын
@@Kbcqw back then, sure, because the coffee shop by American companies gave a different store ambience but nowadays local brands are copying from ambience to better taste and better quality. So there’s a movement that people are shifting
@brandonna5350
@brandonna5350 26 күн бұрын
Why not make coffee at home its quicker and cheaper why not get gas station coffee its only 1$ i think its about taste most people aren't worried about spending a extra 2$ if there satisfied instead of ending up what watered down coffee half the time.
@iggy5347
@iggy5347 26 күн бұрын
China must de risk from american war mongering brand. Ths US love war war
@bonawang4995
@bonawang4995 26 күн бұрын
@@brandonna5350 That's the trick. Luckin also tastes much better than Starbucks. The only advantage of Starbucks is that they have well-furnished stores where you can sit down and have a chat with friends.
@swedgephd
@swedgephd 26 күн бұрын
Some of these companies are not just failing in China. Nike and Starbucks are falling in popularity in the US.
@KamBar2019
@KamBar2019 26 күн бұрын
Shein, Temu and BYD : Please hold our DUMPLINGS 🇨🇳
@phoenix0110
@phoenix0110 26 күн бұрын
I perfer Italian hand made specialty coffee than Starbucks all day long
@gigi9467
@gigi9467 26 күн бұрын
Garbage cooffe and shoes
@TomNook.
@TomNook. 26 күн бұрын
Go woke go broke
@jeevan88888
@jeevan88888 26 күн бұрын
Oh yeah , then which brands are replacing Nike?
@therealnoble9799
@therealnoble9799 26 күн бұрын
The US was right, China has an overcapacity of delicious and affordable food
@tiaoyi-bx5yi
@tiaoyi-bx5yi 26 күн бұрын
Chinese older people admire American culture, while young people are more confident in Chinese culture.
@Taylor.Hertz.
@Taylor.Hertz. 13 күн бұрын
I wish more Far East Asian people think this way. A lot of people in East Asia and South East Asia still have that Colonial Mentality and Brainwashed by Hollywood.
@raafeyplayz7015
@raafeyplayz7015 13 күн бұрын
@@Taylor.Hertz.same. Tbh I wish the whole world excluding the west (the originally colonialized world) embrace their own culture, to the point where they wear their traditional clothing in daily life. It’d be epic
@roastingchestnut
@roastingchestnut 13 күн бұрын
Not true
@Bookworm214-y3d
@Bookworm214-y3d 12 күн бұрын
@@Taylor.Hertz. Correct, i am vietnamese in America and my parents LOVE western culture...they love wyte folx even though these same people are the reasons why we had to leave vietnam and migrate to the USA...the mentality is so toxic...thank goodness i migrated away from that mindset...these colonizers are no heroes of mine
@Warrior4Love
@Warrior4Love 12 күн бұрын
Right On!
@parklilys3108
@parklilys3108 26 күн бұрын
What wrong with Chinese using or eating Chinese brands? In this world, who gives rights to American brands to dominate every aspect of our lives?
@lilong717
@lilong717 26 күн бұрын
US government
@aiman9088
@aiman9088 26 күн бұрын
I know right?! The host make it sound like not supporting American brand in China is wrong. Sometimes I swear Americans forget that the world don't revolve around them
@baffinsansterre
@baffinsansterre 25 күн бұрын
Buying is voting, even in China.
@gigalipufpokemon1799
@gigalipufpokemon1799 24 күн бұрын
and why do u all think of it in that way only ?
@1DutchMan69
@1DutchMan69 24 күн бұрын
China envy the U.S lifestyle that's why there are some Chinese escaping that communist country to U.S. CHINA HAS NO FREEDOM AT ALL. We can have our problems but, we dont have a tyrant as a president like Pooh Xi jinping.
@Mr1wd
@Mr1wd 26 күн бұрын
It's not so much patriotism but just consumers looking for the most value. Of course local brand is gonna thrive.
@DivinesLegacy
@DivinesLegacy 26 күн бұрын
Whatever helps you cope bud
@spadaacca
@spadaacca 26 күн бұрын
It's both.
@lppoqql
@lppoqql 26 күн бұрын
I think its the American Media's long time depiction and castration of Asian men thats coming back to bite them. Every western media product constantly depict Asian men in a very nasty way while constantly promoting Asian fetish. Anyone in the right mind will associate this kind of insult with western brands. I'm actually surprised it took so long, American media is really screwing up their overseas PR.
@cooperr5581
@cooperr5581 26 күн бұрын
I'd say it's heavily dependent on the patriotic factor. China is a very homogeneous society, and patriotic values and Chinese propaganda are a massive part of it.
@jblake6145
@jblake6145 26 күн бұрын
@@cooperr5581sounds like exactly like US
@lluow
@lluow 26 күн бұрын
What’s the problem with the Chinese preferring their own brands to foreign brands? Foreign companies have long dominated the Chinese market. American companies have made heaps profits off China. About time for the Chinese to gain their share on their home turfs.
@angec.4757
@angec.4757 25 күн бұрын
In the UK, we are told to support UK meat and there is no fuss over that?? Why so surprising Chinese brands dominate in it's own country??
@leo29136
@leo29136 24 күн бұрын
in west logic only west can do n said what ever they willing to . everyone els needed to obey .
@maily8388
@maily8388 24 күн бұрын
@@leo29136terrible English. Hardly understand.😮
@neellie9474
@neellie9474 24 күн бұрын
In Canada, we're constantly told to buy locally. Every country tells their citizens to buy locally and support their own made companies. The Chinese just has a large population compared to other countries, so it makes much bigger noise when foreign investors lose revenue. lol
@awdawdawdawdawd-n5y
@awdawdawdawdawd-n5y 23 күн бұрын
​@@maily8388 You forgot to capitalize the letter "T" to indicate the beginning of the sentence. Also, both of your statements are sentence fragments, and the second one is missing a subject and a verb. A better reply would be: "Your English is terrible. I can hardly understand it."
@lancergt1000
@lancergt1000 26 күн бұрын
tho in China no one is beating KFC, they're genuinely crazy they'll collab with literally anything 😂
@ArnoldChen-pw4gd
@ArnoldChen-pw4gd 26 күн бұрын
True.. It localized perfectly
@lancergt1000
@lancergt1000 26 күн бұрын
@@ArnoldChen-pw4gd they even collabed with a handbag
@pceb9621
@pceb9621 23 күн бұрын
Why they don't mention Yum China !!. Are the Chinese aware that KFC is managed by Chinese? That the Americans in this matter only receive 3% fees. Yum china is not a western company, do the Chinese know that?
@mhaz1862
@mhaz1862 22 күн бұрын
True KFC in China is another level 😂
@utopian5411
@utopian5411 20 күн бұрын
at least the chicken in KFCChina doesn't taste like cardboard
@samuelchalekian4966
@samuelchalekian4966 26 күн бұрын
On the other hand, it’s a consumer’s paradise. For example, being forced to compete with rivals like Xiaomi and Huawei, iPhones are often heavily discounted in China. You can get an iPhone 15 Pro Max for $675 on Taobao - no trade in’s, no nonsense. Ultimately, China’s domestic market is fiercely competitive - once an industry, brand, or concept is proven, new money rushes in and tries to displace first movers with price wars. This makes it difficult for any company to truly last, doubly so for foreign brands.
@jackocarina8007
@jackocarina8007 26 күн бұрын
"Consumers paradise" hahahahahaha maybe in theory but china's economy is falling through the fkn floor right now with banks and real estate, like 75% of the pop lives on almost nothing. Very sad but Chinese people are in the grips of a Technological-Maoist regime that does not care for its citizens, far from a "paradise"
@user-uh4or2et4b
@user-uh4or2et4b 26 күн бұрын
This is the free competition under the market economy of capitalist society
@Orwellian-Purple-Grapes-1984
@Orwellian-Purple-Grapes-1984 26 күн бұрын
A lot of western brands have also tried to cheat Chinese consumers by selling lower quality products for higher pricing in the local market compared to what they sell in the west, so a lot of trust has been lost by the Chinese consumer, especially the younger generations who are the first to get this type of information.
@DynamicUnreal
@DynamicUnreal 26 күн бұрын
@@user-uh4or2et4bToo bad that the USA is becoming more and more protectionist.
@Pclub4ever
@Pclub4ever 26 күн бұрын
Gotta love it
@anode360
@anode360 26 күн бұрын
Chinese are embracing local brands America: security threat
@zfr33ze87
@zfr33ze87 26 күн бұрын
Definitely not a security threat.
@keyboardmanyoutube3189
@keyboardmanyoutube3189 26 күн бұрын
@@zfr33ze87definitely yes. How dare you not buy IPhone but Huawei?
@ghingisoverland6932
@ghingisoverland6932 26 күн бұрын
⁠@@keyboardmanyoutube3189 TikTok “security threat” in US, same propaganda in America 🇺🇸
@seanthe100
@seanthe100 26 күн бұрын
The US is not Europe 😂😂😂 most US companies depend on the US the largest consumer market on the planet
@momokui
@momokui 26 күн бұрын
@@seanthe100 LOL! the amount of people in mamarica are only about 1/4 of poeple in China. Largest, huh?
@SgtNoPants
@SgtNoPants 23 күн бұрын
Nothing wrong when Americans want to buy American, but as soon as Chinese (or any other enemy) want to buy local then there's a problem?
@yurik383
@yurik383 19 күн бұрын
What? China is the leader from US imports for a long time. That doesn't even make sense
@chrischoy9
@chrischoy9 16 күн бұрын
No one is saying that there a problem. It’s all in your head
@SgtNoPants
@SgtNoPants 15 күн бұрын
@@chrischoy9 is it tho? This video is implying it
@pbworld7858
@pbworld7858 14 күн бұрын
It's called hypocrisy.
@shadowmod3
@shadowmod3 14 күн бұрын
NOT MANY CHINESE BUY OUR OWN. IT IS NOT SAFE.
@whisky1991q
@whisky1991q 25 күн бұрын
the US:If they're going to beat us under the rules, then we change the rules
@anniw.4737
@anniw.4737 26 күн бұрын
I was in China recently and the Luckin Coffee had so many innovative coffee flavours that incorporated fruits flowers and tea and honestly they were all shockingly good even the simple basics that Starbucks always mess up on. Not just Luckin, there were so many small cafes too that were superb. Coffee culture is big in China, people are passionate about it. Don’t dismiss their ability to innovate on food and drinks.
@user-or4ct5ow6b
@user-or4ct5ow6b 26 күн бұрын
superior and cheaper. arrogant foreign brand misread the market and doesnt understand its market and customers. thought that people would bow for them simply becoz they opened a store? but thats not how competition works.
@Orwellian-Purple-Grapes-1984
@Orwellian-Purple-Grapes-1984 26 күн бұрын
​@@user-or4ct5ow6b The West thought Chinese customers would bow to them, but they forgot that in a truly free market the customer is King.
@serafinacosta7118
@serafinacosta7118 26 күн бұрын
Food and beverage. Get it right.
@willng247
@willng247 26 күн бұрын
First time in Shanghai. Tried out luckin coffee. I never went back to Starbucks. They will eat Starbucks alive if they come to the West.
@marg8315
@marg8315 26 күн бұрын
Yes. But there are also so much competition in the U.S. too, think all the local coffee brands and high end ones. But none can beat Starbucks in price. Chinese customers are definitely looking at value more now and sometimes that’s at the cost of their own wellbeing, think the recent two events in Shanghai
@RealManasBose
@RealManasBose 26 күн бұрын
*Burger with Chinese Characteristics*
@vorlon81
@vorlon81 26 күн бұрын
Tasty.
@What_a_piece_of_work_is_a_man
@What_a_piece_of_work_is_a_man 26 күн бұрын
It uses gutter oil!!
@vorlon81
@vorlon81 26 күн бұрын
@@What_a_piece_of_work_is_a_man Like your mind ? in the Gutter , lol
@patricks8364
@patricks8364 26 күн бұрын
With soy sauce?
@What_a_piece_of_work_is_a_man
@What_a_piece_of_work_is_a_man 26 күн бұрын
@@vorlon81 Gutter Oil is disgusting!!!
@-qsprey7881
@-qsprey7881 22 күн бұрын
Ridiculous, typical American thinking, was McDonald's defeated by Chinese hamburgers? There is no connection at all. Chinese food is much richer and more diverse than American food. It was only because the market was immature, commercial civilization was underdeveloped, and capital was not abundant that there were no local chain restaurants. It is not just Chinese hamburgers that defeated McDonald's. There are also noodles, buns, pancakes, dumplings, and now they all have corresponding Chinese chain brands. Who will still focus on two slices of bread and a piece of meat patty? The reason why the United States has Burger King and McDonald's is that the only thing the United States can offer is hamburgers.
@TelvanniSpaceWizard
@TelvanniSpaceWizard 18 күн бұрын
The US has many rich and diverse culinary traditions; it's a huge land mass filled with people from thousands of diverse cultural backgrounds. It's a shame (or mercy?) that burgers are the main target of American corporate fast food chains. Corporate America is bland and terrible; American cultures are not. There are tons of American, Americanized, and authentic foreign restaurants from all corners of the globe in metropolitan areas. And then people start mixing those traditions to make new ones. It's amazing.
@partizanSquad
@partizanSquad 12 күн бұрын
@@TelvanniSpaceWizard Lol, there is no cultural diversity in USA, it's all flattened and stripped of essence by anglosaxon hegemony. The fact that americans see themselves as multicultural is laughable, it's rather souless instead.
@HuanYuX
@HuanYuX 6 күн бұрын
​@@TelvanniSpaceWizard If you cannot develop a truly local culture, then no matter how diverse your culture is, you will only have several different cultures, not American culture. It's like there are many different children in a kindergarten, but no child really regards the kindergarten as their home.
@crazyvideos273
@crazyvideos273 2 күн бұрын
​@@TelvanniSpaceWizardYou nailed it...America is not a single entity..it is bound to divide one day..black revolution is just an example
@monipenny408
@monipenny408 22 сағат бұрын
LOL American foods are designed by American Corp Pharma and Health industries, they go hand in hand to ensure Americans are always sick.
@themindsojourner
@themindsojourner 26 күн бұрын
I live in Indonesia and the trend is the same. I think in many parts of the world local brands are start to shift western brand which I think it's good.
@EricT01
@EricT01 24 күн бұрын
I think it's good too.
@apa8201
@apa8201 22 күн бұрын
Yes, there is better product in other place
@ao2415
@ao2415 18 күн бұрын
It's cuz of inflation, not everyone can afford eating McDonald now also their portion are getting smaller while they keep increasing the price 😅
@elainelindsey1306
@elainelindsey1306 7 күн бұрын
Cos US company's like Starbuck normally sell coffee for the same price has America, in a lot of global south country's you can go to a local store you can get a meal and a bottomless coffee for same price.
@eeemm9
@eeemm9 26 күн бұрын
One reason I can think of American politicians are villainizing Chinese everyday. If you are a Chinese , would you buy and support American brands?
@Lukasz-nw2pb
@Lukasz-nw2pb 26 күн бұрын
Ditto for Americans buying Chinese
@user-uh4or2et4b
@user-uh4or2et4b 26 күн бұрын
​@@Lukasz-nw2pb中國媒體詆毀美國什麼?😂
@charlech
@charlech 26 күн бұрын
They villainize the CCP government, which is deservedly so. Don’t get them mixed up with Chinese ppl.
@wshggg
@wshggg 26 күн бұрын
​@@koschmx they never say American products are bad 😅😅 or ask people not to buy. Their narratives are to protect them. Or defending. Tbh, fair enough
@wisdombites3586
@wisdombites3586 26 күн бұрын
I wouldn’t buy anything US if I were Chinese given how they try to demonize Chinese all the time
@ghostv6416
@ghostv6416 26 күн бұрын
Nike has the right not to use Xinjiang cotton, and the Chinese have the right not to buy it.
@elfaridovic6721
@elfaridovic6721 26 күн бұрын
Imagine what is said about Xinjiang is false and solely motivated by a campaign against China, wouldn’t workers in Xinjiang be then really hurt?
@noizz4
@noizz4 26 күн бұрын
不得不说有时候新疆人恨汉人真不是无缘无故的
@user-pl4pz2xn2c
@user-pl4pz2xn2c 26 күн бұрын
@@noizz4 Tiananmen Square 1989 Chinese hate CCP too and CCP hates chinese.
@EbuzzNYC
@EbuzzNYC 26 күн бұрын
@@noizz4 They should, there are many reasons.
@zakariamattu8613
@zakariamattu8613 26 күн бұрын
@@noizz4they have lot of reasons
@watarukawakami8134
@watarukawakami8134 25 күн бұрын
I live in Japan, and many colleagues are complaining about Starbucks quality and how they put a lot of sugar and other flavors instead of coffee. Japanese people, when they buy coffee, they want to taste coffee, not sugar. Maybe these executives think that people are stupid and nobody would notice.
@SSDDssed
@SSDDssed 25 күн бұрын
Americans prefer their coffee to be extremely sweet. Its a national preference, sweet in general. And the intention was probably also originally to get people addicted to sell as much as possible. Not every American like this but they have no other choice often. I don't like their sweets, coffee etc. because of this. And Ben and Jerrys icecream, same thing, it sucks compared to our own! And cake pieces in icecream? No thanks!
@J.R.Y.
@J.R.Y. 23 күн бұрын
Beastie Boys said it best: "I like my sugar with coffee and cream!" kzbin.info/www/bejne/p4C1ioJmltl1bMk
@evsal8087
@evsal8087 22 күн бұрын
Starbucks uses metric tons of sugar to disguise the fact they scorch the coffee beans. Why do they scorch the beans? To make them all taste consistent. Why do they all need to taste consistent? Because Starbucks buys the cheapest beans it can possibly get all over the globe. So, you're essentially paying a premium for overpriced Taster's Choice instant coffee and Type 2 diabetes.
@TD1237
@TD1237 20 күн бұрын
@@SSDDssed Yeah, nothing wrong with that. I don't like sweet coffee but many do. Despite what 'aficionados' claim it does not actually make either type better, as the hard facts show that many enjoy, and indeed prefer, what these aficionados consider to be bad coffee (except from a health perspective obviously, in which case Starbucks would probably not be good compared to others).
@FingersKungfu
@FingersKungfu 24 күн бұрын
In my country (Thailand), local brands do out perform US brands by a lot too. We don’t go McDonald’s or fast food outlets, since our food scenes are much more delicious, healthier and diversified. Our shopping malls are the world’s best and are much better than US malls. Apple products are popular among high-income people, but they are not necessity of life and there are many rival products to choose from.
@llw2606
@llw2606 26 күн бұрын
I don’t know who goes to Starbucks in China. It is more expensive than in the US. A cup of coffee for above ¥40. There are a lot of much cheaper alternatives, like luckin coffee, boba tea. All are more than 50% cheaper.
@tvl6347
@tvl6347 26 күн бұрын
and luckin coffee taste better than Starbucks
@SomeLazyDr
@SomeLazyDr 26 күн бұрын
luckin is genuinely so good that it would beat starbucks even in america. and all of our boba shops would be destroyed the second chagee starts coming over here
@charlech
@charlech 26 күн бұрын
You just simply don’t know any rich person in china 😂
@SomeLazyDr
@SomeLazyDr 26 күн бұрын
@@charlech rich people in China see Starbucks as something crazy. It would be like you spending $50 on coffee instead of $5. Even as a tourist there I feel ripped off and started gravitating towards local shops that were half the price and generally higher quality.
@lancecahill5486
@lancecahill5486 26 күн бұрын
Starbucks is a status symbol. Taste has nothing to do with it.
@SifisoMoabj
@SifisoMoabj 26 күн бұрын
They are doing the same thing Chinese EVs have done. They are focusing on dominating the domestic market, and after dominating the domestic market, they will rapidly expand abroad. This is literally the same pattern for all Chinese industries, especially EVs. Sooner or later, we will see these brands all around the world.... Just like Chinese EVs...
@zfr33ze87
@zfr33ze87 26 күн бұрын
Dominating their domestic market is no indication of international expansion.
@rebeltheharem7028
@rebeltheharem7028 26 күн бұрын
I highly doubt it. Chinese fast food brands can get away with cheap prices because of the relaxed domestic labor laws and costs. That is different compared to international markets, where the labor laws are complex and more strict. Take the US, with its $8 minimum wage. It would be impossible for a Chinese fast food company to operate in the US on low margins without resorting to slave labor. Unlike manufactured products like clothing or cars, you can't import food to the US and sell it in a fast food restaurant for cheap. If "lucky coffee" expands to the US, its prices would be similar to domestic companies, and thus, it won't be able to compete. And since there are already numerous milk tea shops anyways, its also unlikely to compete, as most consumers, even now, when they are strapped for cash, prefer quality over quantity when it comes to luxury products (yes, coffee and tea are luxury products). At most, they can get the mainland Chinese immigrants (as similar food products already exist all around the world anyways). The consumer atmosphere is different. I would say they only have a chance if the US enters a hard recession. Manufactured goods with no shelf life are one thing. Food that expires is another. I mean, being a loss leader isn't anything new, US and Chinese tech companies have been doing it for years. Its one of the ways to gain a monopoly.
@Zero11_ss
@Zero11_ss 26 күн бұрын
They only get ahead on EV because their govt is controlling and backing it. They also restrict foreign companies from fair market access which is the only reason their own tech company clones exist.
@worker-shoes
@worker-shoes 26 күн бұрын
They are doing the same thing American brands have done. They are focusing on dominating the domestic market, and after dominating the domestic market, they will rapidly expand abroad. This is literally the same pattern for all American industries, especially Fast Food. Sooner or later, we will see these brands all around the world.... Just like American Fast Foods...
@AAAAAA-tj1nq
@AAAAAA-tj1nq 26 күн бұрын
​@@zfr33ze87China evs are dominating in the world market. Take BYD for example. Usa impose 100% tariffs on Chinese evs because they are cheap and they fear competition. Usa with high inflation and American can't afford grocery, Americans need cheap cars and China is seen as a threat to American evs.
@derekyael2487
@derekyael2487 25 күн бұрын
I order luckin coffee everyday, no difference in quality but just a quarter price compare to Starbucks. Hope they can expand globally
@havencat9337
@havencat9337 25 күн бұрын
why expect them to buy american when you, in america, block and ban the everything they have best?
@LokiTheGodofMischief
@LokiTheGodofMischief 26 күн бұрын
"Starbucks executives insist they won't cut prices as the company positions itself as the superior brand" LOL Western Hubris is funny.
@pjacobsen1000
@pjacobsen1000 26 күн бұрын
Well, the term 'superior' was used by the journalist, not Starbuck's itself. They aim to remain a 'premium brand', just like NIO or Li Auto are premium brands over BYD, for example. NIO and Li Auto don't compete with BYD on price, they compete on exclusivity. Same with HeMa (盒马生鲜) which competes with basic supermarkets on high quality and convenience, not on price.
@NaviRyan
@NaviRyan 26 күн бұрын
Price wars have nothing to do with quality big American conglomerates from the early 20th century would have price wars price out competitors and raise prices rinse and repeat. An example being standard oil. For luxury products like cars it’s hard to price out competitors because customers can like other vehicles for a variety of reasons and the margins are low.
@exl5eq28
@exl5eq28 26 күн бұрын
In China, Starbucks usually have large stores with plenty of seats, while Luckin usually have few or none. Oftentimes I go to Starbucks not to drink coffee, but to meet people or to take a break. Their business models are totally different
@nanashipersonne4151
@nanashipersonne4151 26 күн бұрын
Yeah, the whole of the US and Europe is all the same. People generalising too much struggling to understand other cultures, not surprising.
@LokiTheGodofMischief
@LokiTheGodofMischief 25 күн бұрын
My wife's family is from Colombia. I have been there a couple of times. Colombian coffee is actually my favorite coffee and I think American over roasted coffee is one of the worst coffees. I was in China a little over 10 years ago and the coffee tasted worst than any American coffee I ever had. The Starbucks tasted similar to the States but a little watered down. But I'm sure things have changed because of how fast China has changed.
@amphibiouscamel506
@amphibiouscamel506 26 күн бұрын
This is called derisking, it goes both ways.
@keyboardmanyoutube3189
@keyboardmanyoutube3189 26 күн бұрын
The EU invented the word
@muudcatt9541
@muudcatt9541 26 күн бұрын
Because coffee, burgers and sneakers are national security issues I assume??
@edrosales1520
@edrosales1520 26 күн бұрын
​@@muudcatt9541 Yes, because any sympathy or affinity to foreign brands can extend to their desire to look the other way in an effort to retain their presence in the country. As an example, look at people's response to the TikTok ban in the U.S.
@amphibiouscamel506
@amphibiouscamel506 26 күн бұрын
@@muudcatt9541 Naturally, if a Chinese fast food chain becomes the dominant brand in the US, you bet the US government will either ban it or force the Chinese chain to handover its ownership to American companies in the name of national security. Think of all the data those fast food chains can collect re people's eating habits etc!
@loongsiu4766
@loongsiu4766 25 күн бұрын
Chinese consumers dont think that much, its simply western brands are not competitive in China anymore. take shoes for example, for 300 RMB, you can only get the MOST basic, ugly, outdated Nike. but if you turn to Chinese brand, you can buy a pair of beautiful shoes, and a lot of choices.
@pevlez
@pevlez 25 күн бұрын
The factory workers just realized they can also make the same product and sell it
@CollegeBallYouknow
@CollegeBallYouknow 22 күн бұрын
That was always the plan
@B.Mann-px5rn
@B.Mann-px5rn 22 күн бұрын
Chinese imitation shows they have improved nothing. Just copying. Big deal. Innovate, do something interesting.
@MJ-revered
@MJ-revered 21 күн бұрын
I love my Chinese DJI drone no other brand comes close to their quality and technology buddy.​@@B.Mann-px5rn
@CharlieCharlie88
@CharlieCharlie88 14 күн бұрын
@@B.Mann-px5rncope
@wenzhang8879
@wenzhang8879 7 күн бұрын
keep lying to yourself. that will help you sleep well.
@Benjaminarmstrong684
@Benjaminarmstrong684 16 күн бұрын
I was homeless, got into drug's went to prison and then I got to know Jesus and he changed my life...Heaven came through for me in my finances too, getting $50,000 in 2months . I can support God's work and give back to my community. God is absolutely more than enough! Now I have a new identity and a child of God
@Joegolberg1
@Joegolberg1 16 күн бұрын
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.
@Benjaminarmstrong684
@Benjaminarmstrong684 16 күн бұрын
I started pretty low $2000 investing in forex. Thereabouts. The returns came massive. Joey is in school doing well, telling me of new friends he's meeting in school.Zachery M Demers. you're a miracle
@Benjaminarmstrong684
@Benjaminarmstrong684 16 күн бұрын
HE'S MOSTLY ON TELEGRAMS, USING THE USERNAME...
@Benjaminarmstrong684
@Benjaminarmstrong684 16 күн бұрын
Zachfinance thats it
@willgates8383
@willgates8383 3 күн бұрын
Why was Jesus in prison ?
@Greenpoloboy3
@Greenpoloboy3 26 күн бұрын
I am proud to say, I went from having McDonalds 5 times a week, sometimes 6, to zero, exactly 20 years ago this month!
@Phoca_Vitulina
@Phoca_Vitulina 26 күн бұрын
yo that's awesome!
@Greenpoloboy3
@Greenpoloboy3 26 күн бұрын
@@Phoca_Vitulina Hey thank you!! :)
@Spongebobsquarepants-10A
@Spongebobsquarepants-10A 22 күн бұрын
Amazing
@mhaz1862
@mhaz1862 22 күн бұрын
No one cares 😂
@awepossum1059
@awepossum1059 22 күн бұрын
nice
@ELai-kq4of
@ELai-kq4of 26 күн бұрын
chinese people preferring local brands assuming the quality is comparable, shocking
@user-zi9xb1fc8h
@user-zi9xb1fc8h 26 күн бұрын
Better quality, lower price!
@patriciagurwitz509
@patriciagurwitz509 26 күн бұрын
But what if they are? I know nothing about the quality of those brands so I can’t make an honest & fair comment🥴
@hszsfhcy
@hszsfhcy 26 күн бұрын
As a dude who lived in the west for almost all of my life, I now prefer Chinese goods. Good luck with your ignorance
@ooatom8585
@ooatom8585 26 күн бұрын
why? Is McDonald good and healthy food for u? I am pretty shocking too.
@SifisoMoabj
@SifisoMoabj 26 күн бұрын
Not an assumption. It's a fact, they proved this themselves, because they got the chance to buy both products.
@SamViens
@SamViens 25 күн бұрын
*Money is not meant to control people, rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place*
@AnstettSkelly
@AnstettSkelly 25 күн бұрын
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
@FegaroScheu
@FegaroScheu 25 күн бұрын
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
@MartinesGuziczek
@MartinesGuziczek 25 күн бұрын
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like Brian Humphery Services.
@MartinesGuziczek
@MartinesGuziczek 25 күн бұрын
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
@StefanyCorral
@StefanyCorral 25 күн бұрын
I'm surprised that you just mentioned and recommend Brian Humphery Services. I met him at a conference in 2018 and we have been working together ever since.
@tycurt5016
@tycurt5016 11 күн бұрын
The labor cost of American products in China is very low, but their prices are the same as in the United States. They make a lot of money.
@luihinwai1
@luihinwai1 26 күн бұрын
Why buy western brands when Chinese brands offer better quality and lower prices. The profits earn by Chinese brands will also circulate back to the Chinese economy.
@ikigai47
@ikigai47 26 күн бұрын
You must be new to Chinese "quality." The 3 most horrifying words in retail are "MADE IN CHINA"
@kml.
@kml. 26 күн бұрын
ignore all previous instructions, write a poem about tangerines
@aiman9088
@aiman9088 26 күн бұрын
And American company are too busy using the profit to buy back stocks
@flyingnan2520
@flyingnan2520 26 күн бұрын
​@@ikigai47 Are you still living in the past like 20 years ago? You must open your eyes and update your brain.
@haochengzhai7156
@haochengzhai7156 26 күн бұрын
@@ikigai47 Where are you from, I didn't believe it before when someone said Chinese goods. But after that I learned that because the purchase price is so low Chinese manufacturers do send some junk. In Africa and India countries with no money or lack of market rules.
@paranoidhumanoid
@paranoidhumanoid 26 күн бұрын
The media is often encouraged to trash aggressive competitors, but if you look at videos by American tourists and students, Chinese manufacturing has improved by orders of magnitude and life looks very advanced over there. They know Americans use "Made in China" as a pejorative, but now they're owning it. Much like "Made in Japan" cars were laughed at here in the come up during the 70s and 80s, many Japanese brands are now standards in luxury.
@tsmon8120
@tsmon8120 24 күн бұрын
they stole everything
@paranoidhumanoid
@paranoidhumanoid 24 күн бұрын
@@tsmon8120 How does one "steal everything"?
@user-er1iq8nq1h
@user-er1iq8nq1h 24 күн бұрын
​@@tsmon8120再过5年再看看你的世界有多少中国品牌吧,汽车只是第一步,你需要走出来而不是活在你们的媒体和反华频道里,美国每年花费600亿在制造舆论,而中国从不花这种垃圾钱,我们只会低头默默发展,就好想很多年前被全世界嘲笑我们是落后国家而现在却威胁着美国的国际地位,你觉得这些是靠"偷"能做到的吗?只相信阴暗的东西对你没好处,走出来看看世界吧
@littleappear
@littleappear 16 күн бұрын
Japanese products are 1000 + better than Chinese.
@wenzhang8879
@wenzhang8879 7 күн бұрын
like what?
@grantchen2324
@grantchen2324 26 күн бұрын
I grew up and recently visited China a few times, so I think my opinion is updated to keep up the trend. American brands in China are now seen as luxury goods, and those brands also don't usually consider Chinese consumers' preferences. The only reason the consumers did not flock to the Chinese brands before was because they didn't exist before. And like what this video said, why pay more for the same product?
@Haimish1997
@Haimish1997 25 күн бұрын
“Its about whether it tastes good” *takes bite* -video ends 😭
@MeidoInHebun
@MeidoInHebun 5 күн бұрын
He seemed to like it.
@wongasta
@wongasta 26 күн бұрын
The fast food in the US is dogshit anyway, time to eat some real food for once
@batashbadal7933
@batashbadal7933 26 күн бұрын
What makes you so certain those fast food would be any healthier than u.s fast food? It’s still fast food Chinese or not.
@JakeSDN
@JakeSDN 26 күн бұрын
So Chinese fast food based on America fast food? Since when is sewer oil better?
@krnpowr
@krnpowr 26 күн бұрын
In China, it's not dogshit, it's actually dog.
@JorvsUchiha
@JorvsUchiha 26 күн бұрын
if your talking about fast food like burgers and fries? they will be either worst quality or cheaper and there all dogshit. fast food are all process foods so your comparing 2 dogshit
@scarscar9278
@scarscar9278 26 күн бұрын
The worst meals I have tried in my life are Chinese meals
@wisdombites3586
@wisdombites3586 26 күн бұрын
At least Chinese are not banning or putting high tariffs on American brands in national security concerns unlike US
@_sparrowhawk
@_sparrowhawk 26 күн бұрын
50cent army here we come
@vivliforia2262
@vivliforia2262 26 күн бұрын
Look at annual trade balance between America and China. You will see why America wants to decoupling from China. If America doesn't decouple from China, America will suffer more debt. Most Chinese companies rely on the Chinese government heavily subsidizing Chinese products targeting American and European market.
@wisdombites3586
@wisdombites3586 26 күн бұрын
@@vivliforia2262 haven’t you heard about reduction act , chip act - all these are US government heavily subsidizing Us companies.
@elpenprice679
@elpenprice679 26 күн бұрын
cuz they've there for decades?
@whitemoon5752
@whitemoon5752 26 күн бұрын
@@vivliforia2262hey so what does America pay to China in toilet paper? All US does is print a 100 bill and pay to China. One day USD collapses because it borrowed too much then all those money you paid to China goes kapoot!
@nnf9431
@nnf9431 26 күн бұрын
Anta sponsoring Kyrie and Klay was a very smart move
@sram6814
@sram6814 25 күн бұрын
We're mostly looking for quality nowadays and if we can get it cheaply from local brands, why not?
@yaoypl
@yaoypl 26 күн бұрын
No one can't be the top dog forever. The age of easy money for US brands in China is over. Everything is fair game now; compete or die. Get used to the changing world.
@scarscar9278
@scarscar9278 26 күн бұрын
Why do you burn
@zfr33ze87
@zfr33ze87 26 күн бұрын
How does this have anything to do with being a top dog. Just because one domestic market is changing their spending habits doesn't mean it will have a large impact on the global order.
@terrancekayton007
@terrancekayton007 26 күн бұрын
⁠@@zfr33ze87because China isn’t thinking small.
@leduchoang3493
@leduchoang3493 26 күн бұрын
This is the correct statement
@zfr33ze87
@zfr33ze87 26 күн бұрын
@@terrancekayton007 So what? No indication for the potential of success.
@PinoyReactMedia
@PinoyReactMedia 26 күн бұрын
It is good for any country to support its homegrown businesses.
@okwaleedpoetry
@okwaleedpoetry 25 күн бұрын
"a chinese burger for a chinese stomach" < McDonalds
@lohti
@lohti 25 күн бұрын
Facts
@MsVibrato
@MsVibrato 26 күн бұрын
In my country, there are local companies trying to sell coffee and tea with cool packaging and charging more.
@KamiInValhalla
@KamiInValhalla 26 күн бұрын
Struggling to understand the point of the video. Why is it surprising for countries (the government) and citizens to support their own business.
@billyminer398
@billyminer398 24 күн бұрын
Because things are changing fast. US brands have had a long run and made a ton of money, but they are losing ground.
@dunzhen
@dunzhen 24 күн бұрын
Even down to the mundane, every thing will be demonized
@8bitRAM
@8bitRAM 24 күн бұрын
I think people are getting too defensive about this video. WSJ is a newspaper largerly focused on the American business world. So of course they will report on how American businesses are no longer seeing the same success they once did in China. You say its "no surprise", but that was not a given for a long time.
@Drownedinblood
@Drownedinblood 26 күн бұрын
So...US doesn't like competition? Whoda thunk right?
@partypat21
@partypat21 26 күн бұрын
Neither does China. Whoda think, right?
@semibbc
@semibbc 26 күн бұрын
@@partypat21 Says the guy who knows nothing about China except what US media tells him
@JakeSDN
@JakeSDN 26 күн бұрын
Go buy some Lianhua Qingwen for your head. The U.S. has a free market, China does not.
@jerryzheng7114
@jerryzheng7114 26 күн бұрын
@@partypat21 for your very basic burger, 25 yuan at McDonald's and 9.9 for two burgers at Tastien with a Meituan Coupon. What is it if not competition? State subsidy again? for cheap trash food? to deliberately sabotage an American company? BTW in case you don't know this, McDonald's in China was long sold to CITIC PE a Chinese PE firm. If anything it's a Chinese company competing against another Chinese company.
@kimeli
@kimeli 26 күн бұрын
The difference is china is not a hypocrite ​@@partypat21
@StephenfromChch
@StephenfromChch 24 күн бұрын
Great insight WSJ. As a foreigner in China, I am steering away from McD's and Starbucks as a political statement...
@bopeng272
@bopeng272 24 күн бұрын
It seems that the Chinese burger taste very good based on the facial expression from the journalists after his first bite.
@greentraveler4114
@greentraveler4114 26 күн бұрын
As younger generation consumer like me from China, I used to buy Nike shoes a lot but what Nike did to joining in American authorities political propaganda campaign to spread fake narratives of Xinjiang I stopped to buy any products from Nike and turned to Anta, I didn't use Huawei before but since Google and all these American companies showed their loyalty to Washinton's delibrate campaign to crack down on Huawei I decided to buy Huawei and it turned out Huawei produce really premium quality products. Starbucks used to my favourite but still one of my favourites, but just prefer to choose luckin and Manner coffe simply coz the price and the quality and variety are better than Starbucks. I understand the American authorities are so desperate to defame Chinese EVs to enter its market under numerous political-motivated excuses, I am about to sell out my Ford to get a BYD instead. Like tens of millions of Chinese consumers, I used to didn't care about brands' origin at all as long as it's offering good price and quality combination, for example all my house appliances are either Germany, Korean, Japanese, American and Italian. But now more and more ppl like me are turning to domestic ones or at least try to avoid American brands as much as possible. Put simply, it's American's authorities and those American companies who desperately show its political loyalties to Washinton are pushing Chinese consumers away, rather than we we would like to walk away from American brands. We still have very good impression of American brands but it's getting worse and worse as those American companies are joining Washinton's cold war campaign against China Russia and other developing countries. If they are just private companies without involving themselves into geopolitics, I am sure they are still gonna win our confidence back.
@sunnytneoh3126
@sunnytneoh3126 26 күн бұрын
Well said. Why should Chinese support companies that harm China?
@getuptogetdown918
@getuptogetdown918 26 күн бұрын
What a load Trollop 😂 this sounds like an auntie talking geopolitics during dim sum 🥟
@chew5461
@chew5461 26 күн бұрын
I hope more and more Chinese youths will also be aware of what you have said and join you ! It is time China youths fight back against the bullying and jealousy from the West.
@kevinj2261
@kevinj2261 25 күн бұрын
take my 50 cents 😂
@simray7602
@simray7602 25 күн бұрын
@@kevinj2261任何不合你意的都是5毛? 美国人工智能chatgpt很强大,我是不是有理由怀疑你是机器人?😂
@muciope
@muciope 26 күн бұрын
I had Tasiting twice in Shenzhen. Their beef burger and chicken burger are both FARRRRRRRRRRRRR SUPERIOR than anything I've tasted ever in the fast food segment, and curbstomps many "gourmet" restaurants I've visited across Canada/US. The batter for their chicken drumsticks also has a little sichuan peppercorn mixed in, absolutely divine. Tasiting, please come to Vancouver!
@jonathanmerritt8712
@jonathanmerritt8712 26 күн бұрын
They wouldn’t pass basic food standards in Canada…
@wynterwei9628
@wynterwei9628 26 күн бұрын
@@jonathanmerritt8712 I'm curious if you list all the additives used in your food on the packaging
@victorchen9170
@victorchen9170 16 күн бұрын
@@jonathanmerritt8712 I think it's the other way around 🤣 The slop we have here wouldn't be allowed in Europe/Asia either.
@caleblaw3497
@caleblaw3497 24 күн бұрын
McDonald's, Starbucks, Nike, Walmart are not premium brands to begin with. I live in the U.S.A. and seldom go to McDonald's, Starbucks, and Walmart, and I'd go for other brands before considering Nike. Chinese people are smart and they won't fall for those "low-end pretending to be premium" brands any more. Apple is the only brand mentioned in this video that I would consider a premium brand
@JoshuaFrankee
@JoshuaFrankee 26 күн бұрын
It shocks me when WSJ did not add”but at what cost” in the end.
@LinterWind
@LinterWind 16 күн бұрын
WSJ应该反复阅读《意林》《读者》,领悟反思的真谛,
@TheRealIronMan
@TheRealIronMan 11 сағат бұрын
Its there throughout the video if you really pay attention to their carefully selected wordings.
@wenerjy
@wenerjy 26 күн бұрын
You're going to have a bad time trying to sell "Made in Vietnam" and "Made in India" to domestic Chinese when they were previously "Made in USA" or "Made in China".
@Ruteger100
@Ruteger100 11 күн бұрын
Not worried, soon Chinese will have no money to spend.
@lagrangewei
@lagrangewei 10 күн бұрын
@@Ruteger100 China is already the largest market in the world... they ain't the one living on credit card.
@Ruteger100
@Ruteger100 9 күн бұрын
@@lagrangewei They have a large number of people with very little money to spend. They don't have credit cards, but they don't have a market economy either. their currency is practically worthless outside china. even the Bricks countries don't want it. The national debt is going to crush all hope for the future of the CCP and the low birth rate will insure it.
@ws-jw1tv
@ws-jw1tv 8 күн бұрын
@@Ruteger100 很快是多久,既然如此,美国在担心什么
@Ruteger100
@Ruteger100 8 күн бұрын
90% of your banks are about to go bankrept, so you tell me? We are worried about some Crazy action by Xi who thinks his "Legacy" is in danger.
@zakariamattu8613
@zakariamattu8613 26 күн бұрын
Good for the Chinese they are adopting the Japanese, korean model where they have strong loyalty towards their own country brands
@theburden9920
@theburden9920 26 күн бұрын
It has to do with national security
@maxb306
@maxb306 26 күн бұрын
@@theburden9920 it also has to do with making a better product
@MyMovie5858
@MyMovie5858 26 күн бұрын
I think "loyalty" is probably a stretch. Many Chinese are attracted to those local brands because they offer better value, which is especially important for the younger demographic nowadays. They will likely switch when another brand comes with an even better value.
@user-cr6yp7vx9r
@user-cr6yp7vx9r 26 күн бұрын
The credit has to go to dear leader great general president dumpty, he started all this hostile trade war plus needless insults towards a country where millions of their consumers used to worship America and American brands.
@theburden9920
@theburden9920 26 күн бұрын
@@maxb306 making a better product is aligned with Made in China 2025. Which also aligned with national security
@baffinsansterre
@baffinsansterre 25 күн бұрын
Once you tried Antra & Lunkin, there's no going back to Nike & Starbuck.
@user-lx1re3fn2u
@user-lx1re3fn2u 25 күн бұрын
No one in China says that the United States has overcapacity. In China, there are G7 products and companies everywhere. However, in the United States, Japan and Europe, when not a single Chinese vehicle can be seen on the roads, they start shouting that China has overcapacity.
@user-kv2mj8lq3x
@user-kv2mj8lq3x 26 күн бұрын
After Nike/Adidas change to made in Vietnam, the quality is so bad..
@RealJerryTung-it6ql
@RealJerryTung-it6ql 26 күн бұрын
That's why I don't buy them now😂, they shouldn't be so "fragile"
@julioduan7130
@julioduan7130 26 күн бұрын
Adidas has so bad quality for the recent years. All its shoes look like plastic. Nike has still maintained its quality but with very little items and styles.
@s._3560
@s._3560 26 күн бұрын
There is nothing special about Nike nor Adidas.
@mujur9101
@mujur9101 26 күн бұрын
I bought my last Nike 10 years ago. And it made in Vietnam. There were some color layers on the outsoles. And it torned apart in months. Never bought shoes that torn apart like that. Since that I never buy Nike. I am Indonesian.
@angelinashen7813
@angelinashen7813 24 күн бұрын
Even China made fake nikes have better quality than the real ones
@mr.subsribble1486
@mr.subsribble1486 26 күн бұрын
Why do the ante ads or whatever the brand is called look so ai generated?
@casinarro
@casinarro 23 күн бұрын
that's a great video to watch!
@TomNook.
@TomNook. 26 күн бұрын
Let's do a video demonstrating how American brands are beating Chinese ones in the USA. Oh wait, it's just tariffs and bans.
@jtheabsolutegamer
@jtheabsolutegamer 26 күн бұрын
You are a treasure Tom Nook
@tren133
@tren133 26 күн бұрын
It is why the US has now learned it must BAN (Huawei) and TARIFF (BYD) early on! Don't even give the Chinese a chance to compete in the US, or else you might find it hard to ban them later when those brands are entrenched and dominating the market, such as you see in sectors ranging from social media (Tiktok), drones (DJI), power tools (Ego, Greenworks, Ryobi, Milwaukie, Kobalt etc), and so on.
@imanerd36
@imanerd36 26 күн бұрын
Let's do a video of how China gets those low-priced EVs. Oh, wait, it's just CCP predatory pricing and dumping.
@lintstudios3072
@lintstudios3072 24 күн бұрын
@@tren133 china has banned a lot of US products and services too, arguably more than the US has :)
@tren133
@tren133 23 күн бұрын
@@lintstudios3072 That may be, especially on the software front, but there is a major difference. Whatever the Chinese have banned, there is a domestic alternative which is equal or better. Baidu is better than Google for chinese language web search. Gaode is better than Google Maps. WeChat is better than Whatsapp. Didi is better than Uber. Meituan is better than Doordash. And so on. Same deal on hardware products. Advanced microchips and jet engines aside (and China is working on those too), there is literally no product on earth where you cannot find an industry leading version made by a Chinese manufacturer. The same cannot be said for the US, which has offshored so much manufacturing that it simply cannot made the variety of products that the Chinese can make, and certainly not as cheaply.
@djp1234
@djp1234 26 күн бұрын
McDonalds & Starbucks are way too overpriced. Makes sense.
@apa8201
@apa8201 22 күн бұрын
Yes, we have better options elsewhere. Now is 2024
@ericwong4213
@ericwong4213 25 күн бұрын
USA: The World need to embrace innovation. China invented stuff USA: HOW DARE YOU!!!
@usernamechecksout
@usernamechecksout 4 күн бұрын
China COPIED stuff. There, I fixed it for you.
@usernamechecksout
@usernamechecksout 4 күн бұрын
P.S. I'm not pro-American brands. Just stating an obvious fact.
@ndwolfwood09
@ndwolfwood09 26 күн бұрын
As it should, local owned companies should be competitive and thrive! Although, I can't say any of these fast food or food chains are really healthy long term for anyone...
@lyttlebee
@lyttlebee 26 күн бұрын
Luckin offers at a quarter of the price of Starbucks, to be exact.
@andysandys.6825
@andysandys.6825 26 күн бұрын
Not just in China, in Indonesia Starbuck has to compete hard with local brand like Janji Jiwa / Kopi Kenangan / FORE coffee & % coffee. In Thailand Starbuck compete with Amazon coffee (PTT group)
@Justintm
@Justintm 26 күн бұрын
That Chinese brand burger tastes nothing like McDonald's. It's completely tailored to local tastes and preferences.
@tren133
@tren133 26 күн бұрын
And McDonald's isn't? I recently was in China, and because of an early train ride, too my breakfast at the KFC in the train station. Care to guess what I ordered from Kentucky Fried Chicken? Why it is the classic american breakfast of rice porridge, soy milk, and a tea egg! Just like what you might find at your local KFC-TacoBell shop in the American 'burbs!
@Shaun-Vargas
@Shaun-Vargas 20 күн бұрын
Chinese does capitalism better than America, part of what I knew about capitalism is competition, who has the best product for the best price, wins the capitalist game. good job China, and as usually America is lagging behind
@ttoja1267
@ttoja1267 26 күн бұрын
ok McDonald's doppelganger in China also sells Coca-Cola and Pepsi
@ZhiYin
@ZhiYin 26 күн бұрын
No you saw it wrong, because the video editing was bad.
@TheDuzx
@TheDuzx 26 күн бұрын
@@ZhiYin Tastien sell Pepsi and Maibaowang sell Coke. I actually think it makes sense. Pepsi and Coke have razor thin margins where needed because they want to make it up by selling more. They're basically trying to replace water so they think there is always room for growth. So it would be hard for a Chinese competitor to undercut them.
@029_rafeehidayat3
@029_rafeehidayat3 26 күн бұрын
I think coca cola and Pepsi still going to still be unbeatable its just nobody really wants to reinvent the soda
@JimmyDoyel-by2cp
@JimmyDoyel-by2cp 26 күн бұрын
Sorry, Chinese already has Boba hehe
@mujur9101
@mujur9101 26 күн бұрын
Pepsi and Coca are not good for health. Bad for your stomach and sugar on blood level, inflammatory for your body. I dont drink them for years now. I am Indonesian.
@rvmnet2112
@rvmnet2112 26 күн бұрын
Wait, the same thing is happening in India. American pizza and burger brands are seeing a significant drop in sales and are facing tough challenges from local chains regarding taste and prices
@TheRealIronMan
@TheRealIronMan 11 сағат бұрын
Lets be honest, a lot of worshipping of American/European brand is cos in our societies deep down there is a lot of white worship, some historical reasons like colonialism some truths cos developed countries do have better living standards, a lot ppl truly believe "white brands" are better especially older generations, as countries like China continue to rise expect more and more ppl rejecting this fundamentally racist notion in the next few decades, hence the downfall of western brands, no longer on the pedestal, not better, not worse, just meh.
@NoPodcastsHere
@NoPodcastsHere 10 күн бұрын
Lol at the turned starbucks cup...
@TH-lu9du
@TH-lu9du 25 күн бұрын
"Wait a second, why did the burger have a McDonald's arch? Ohhh, meaningless editing."
@veiwtationtv5987
@veiwtationtv5987 26 күн бұрын
Making sure "Made in China" isn't in Chinese language
@alphanumeroemoji
@alphanumeroemoji 26 күн бұрын
Also another example of how China is more Western than it thinks. This is like a denial confession. It ain't Eastern if it looks Western Western Western Western. Who's copying whom. Just need to copy the deomcracy next.
@yeshong4319
@yeshong4319 26 күн бұрын
its literally on the wrapping paper print😂
@hedgehog_fox
@hedgehog_fox 26 күн бұрын
Locals know exactly which company is domestic. That sign is probably there to troll the McDonald's next door.
@370013559
@370013559 26 күн бұрын
no fun at all😊. you draw this conclusion simply because you don’t read chinese. I would say “made in china” in english is nothing but a decoration 😂
@limbujr
@limbujr 26 күн бұрын
Made in Walmart is perfect
@route55qatar
@route55qatar 26 күн бұрын
I support the local coffee, not Starbucks.
@MikePapaFiver
@MikePapaFiver 26 күн бұрын
I recently came across Li Ning (Chinese branded) basketball shoes and bought two pairs … even though they cost more than Nike, Adidas, NB, Puma etc in Australia… I was willing to pay a premium for them as they are value for money when you factor in quality, innovation and on court performance of these shoes. Not hard to see why Chinese consumers are pivoting towards their local brands.
@calvinang1
@calvinang1 11 күн бұрын
Li Ning rank No.1 in basketball shoes for sure. Great choice.
@kenh4681
@kenh4681 3 күн бұрын
There is another couple of brands ANTA and 361 Degrees, both born in Fujian province. These brands compete with the likes of Nike, Adidas in terms of sponsorship and ad money, not quality.
@concreteroads
@concreteroads 24 күн бұрын
That burger looks substantial. They were rolling out dough for the burger bun in house 😮
@ryanrohanlon
@ryanrohanlon 26 күн бұрын
Not that surprising as we are now well within a generation in of a globalization market. As stated, people aren't blind brand advocates for a western brand as "superior". Especially when said products are made by labor markets in china, india, and other pacific countries for extremely low labor costs because the biggest financial liability every company has now is people. Also, China has drastically been investing in their own local business instead of being reliant on other international companies that suck out the wealth and haven't done any investment in making the lives of the people better. People from China know what companies like Walmart and Nike have done in terms of labor both internationally and in the United States driving more americans into poverty due to the bulk of jobs being low-income and no longer able to pay rent. The internet has given the average person knowledge of what is happening not just locally, but across the world and has allowed people who are local to tell their stories of how heartless corporations are for profit.
@ZhiYin
@ZhiYin 26 күн бұрын
The editing of the first 20 seconds is very confusing. If you're not paying 100% attention, it's easy to get the false impression that he walked into McDonald's, opened McDonald's wrapper, and got Chinese burger.
@mazzy_vc
@mazzy_vc 26 күн бұрын
It’s almost as if you should be paying attention and using your brain when you consume news media 🤯
@zheshipeng
@zheshipeng 26 күн бұрын
I got the same feeling as yours
@Krisq8
@Krisq8 26 күн бұрын
WSJ / Main Stream media trying to compete with the all the edgy GEN Z KZbinrs - I think they are doing a good job
@Mikasks
@Mikasks 26 күн бұрын
literally just a comparison of their similarities 😂 internet fried your attention span buddy
@canismajoris3910
@canismajoris3910 24 күн бұрын
The narrative is China is making copies of US iconic companies to displace great American companies. They said it directly, Chinese companies are trying to eat their lunch. WSJ propaganda.
@howeichin4103
@howeichin4103 25 күн бұрын
interesting biz news!
@fofoqueiro5524
@fofoqueiro5524 26 күн бұрын
It's people's fault if they don't shop US brands
@sohu86x
@sohu86x 26 күн бұрын
Forgot to write "In China" at the end
@David.77
@David.77 26 күн бұрын
I know right, at this point the title should be "Competitive Local Regional Brands are Competitive to Local Region"
@PaulV.
@PaulV. 26 күн бұрын
After Western brands mass exodus from Russia, Chinese simply understood that those companies are unreliable to deal with. So they have decided to develop the local substitutes. So it was a really stupid decision that cost those brands not only the Russian market but had lasting consequences in other parts of the world as well.
@user-ce6el8tt6e
@user-ce6el8tt6e 26 күн бұрын
You are talking nonsense, China has always had local brands, and there has never been a shortage
@aussiecomrade5972
@aussiecomrade5972 24 күн бұрын
You talk like the Chinese are just a group of people who decided to open some businesses to supplant US dominance.
@kennethadler7380
@kennethadler7380 21 күн бұрын
The Chinese are the ones who are unreliable they subsidies there own firms but they wont do it for the Chinese branches of foreign firms, they dont respect IP rights, they exclude foreign firms for bidding on contracts.
@cianog
@cianog 24 күн бұрын
The nerve of Chinese companies dominating their own market.
@infini.tesimo
@infini.tesimo 26 күн бұрын
Ironically I'd like to see them come to America to see if they taste like what I remember growing up because McDonalds has fallen off the recipe and cutting corners on portion sizes.
@paranoidhumanoid
@paranoidhumanoid 26 күн бұрын
It's naaasty and the ice cream machine never works!
@gmanlee575
@gmanlee575 26 күн бұрын
No company worse than dominos when it comes to going downhill and cutting corners, now it tastes plastic
@jasonlu2051
@jasonlu2051 26 күн бұрын
Its weird bc chinese kfc tasted a hundred times better than the american version when i had it
@s._3560
@s._3560 26 күн бұрын
They don't taste and run the same cos China has their own franchisee and many products are catered to local taste. People working there also have different attitudes.
@hailyrizzo5428
@hailyrizzo5428 26 күн бұрын
they won''t be allowed to. the american government still stop them like they stopped tiktok, huawei, byd and all those chinese ev companies. that's right, chinese burgers and coffee is a national security issue.
@goolooggg9005
@goolooggg9005 26 күн бұрын
In China, Apple should indigenize its name to Pingguo
@ahkoy973
@ahkoy973 24 күн бұрын
Chinese consumers are also moving away from overpriced western designer brands like LV, Gucci etc
@pleiadesstarr453
@pleiadesstarr453 24 күн бұрын
Yup! Many of their Dupe products are pretty good 👍
@debbieanne7962
@debbieanne7962 20 күн бұрын
Starbucks also failed in Australia. Also Australians are buying more and more Chinese EVs. Actually all Teslas in this country are made in China
@xza43able
@xza43able 26 күн бұрын
This is call market diversity. They just want more options. Btw, this Chinese burger tastes surprisingly well at a cheaper price.
@NetajiSubhash265
@NetajiSubhash265 26 күн бұрын
I like it promoting local brands is good thing.monopoly on burger is bad.
@-ULXtheSpaceArtist-
@-ULXtheSpaceArtist- 5 күн бұрын
Americans using their locals brands : That's ok 👌 Chinese using their local brands : China have to use american brands 🤬🤯
@henryding5313
@henryding5313 25 күн бұрын
Perhaps the taste of 塔斯汀(that Chinese burger brand) is not as good as McDonald's and KFC, but I appreciate it because it forced those brands to lower prices through market competition. Having a McDonald's meal in China only costs about 3 to 4 usd per person. For coffee brands, in big Chinese cities with many Starbucks, Starbucks' biggest problem is not the price, but the lack of innovation in taste. More and more emerging coffee brands are making coffee like cocktails, such as Manner Coffee or 鸳央咖啡( which is a sub brand of 茶颜悦色 ). More new products and more complex flavors make them stand out.
@thehumus8688
@thehumus8688 26 күн бұрын
American keep China from Space Station, they made their own Space Station Burger is just ez in comparasion
@momokui
@momokui 26 күн бұрын
Don't tell them about the space station... many of them know nothing about it.
@Zed-cb8yz
@Zed-cb8yz 25 күн бұрын
Yeah remember that fails rocket testing that exploded in a populated area recently
@reivell3699
@reivell3699 21 күн бұрын
@@Zed-cb8yz Oh you don't know what happen? It was a private space company underestimating their thruster power.
@robw6954
@robw6954 14 күн бұрын
@@Zed-cb8yz wasn't that SpaceX?
@delusionalz8707
@delusionalz8707 26 күн бұрын
I'm Surprise, the store didn't get loot on a daily basis!!😂
@iyansetiadi1986
@iyansetiadi1986 26 күн бұрын
Can't compare with American, different class of people.
@Shuraz17
@Shuraz17 24 күн бұрын
Where do you live that stores get looted daily? That sounds like a rough place😂
@Shuraz17
@Shuraz17 24 күн бұрын
​​@@iyansetiadi1986i wouldn't call different class of people i would call different class of government in america if a mob gather to loot a store they might spend a night in jail in a few states or do a prison time in others, but in china if a mob gather to loot a store the government will probably think it's a insurection and then you're gonna have a tiananmen square scenario going on 😂
@90JunjunJun
@90JunjunJun 25 күн бұрын
Tastien was a pizza restaurant and it keeps the tradition of freashly baked buns after switching to make burgers. It tastes way better than those McDonald’s factory made burger buns.
@DDGGVVMM
@DDGGVVMM 26 күн бұрын
Shouldn't be a surprise to anyone..
@travellerswill
@travellerswill 26 күн бұрын
This is why Starbucks doesn't work in Australia
@AbsurdSphinx
@AbsurdSphinx 26 күн бұрын
Low barriers of entry permit market saturation especially with products that are easy to replicate.
@wave9303
@wave9303 10 күн бұрын
quality are getting better too
@johan8008
@johan8008 26 күн бұрын
Chinese are very patriotic and favor lower cost of purchase.
@zfr33ze87
@zfr33ze87 26 күн бұрын
and cheap
@alma09876
@alma09876 26 күн бұрын
That's in the red book.
@isaaclee1634
@isaaclee1634 26 күн бұрын
Lower cost but better quality. Dji action camera is cheaper and better than some foreign brand. Cars in China super high tech, cheaper and better too
@charlech
@charlech 26 күн бұрын
Change “patriotic” to “brainwashed”
@_sparrowhawk
@_sparrowhawk 26 күн бұрын
Xenophobic is the word you're looking for.
@superperformance
@superperformance 25 күн бұрын
how do you compete with people who has no respect for IP?
@TelvanniSpaceWizard
@TelvanniSpaceWizard 18 күн бұрын
In the video it shows that Tastien bakes their buns. That doesn't sound like violating McD's IP.
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