These 3 Foreign Brands Quit China in 2016, and Here’s Why

TMO Group

Cross border business is never easy, especially in China: It’s still early April in 2016, but already 3 foreign brands have given up China market this year. According to estimates, around 48% of foreign businesses fail in China within 2 years of entering the market, an astoundingly high figure. We put these “sad news” together …