Why are US market leaders like Nike, Starbucks and Tesla struggling in China's market ?
- Nike and Starbucks are losing market share in China due to increased competition from domestic brands and economic challenges.
- Most US brands are now relying on their legacy rather than offering distinct value, while local brands are also more affordable.
- The tariff war between US and China since Trump came back to power has worsened things further for US brands.
Source: economictimes.indiatimes.com
Get 100 stories a day on the app
Read, watch & listen · Free on iOS & Android
