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Louis Giokas
China Observer
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Comments by "Louis Giokas" (@louisgiokas2206) on "Large Supermarkets Keep Closing in Succession, Unstoppable Downturn Once Acquired by Chinese Capital" video.
I am not sure that the disparity between "offline" and "online" stores is that great. Don't forget that the ecommerce companies have warehouses and other physical facilities, whether directly or indirectly, as well as delivery, both within their systems and to the final customer. They can, of course, optimize, but this also takes a lot of infrastructure. The big difference is that online shopping generally gives one more choices, both in products available and in sources. Retail, even membership, does not offer that.
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That's right. China is a commie country. You really don't own anything. Money is something the CCP uses to further their own agenda.
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@jwhite5008 Great point.
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