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Samson Soturian
Wall Street Millennial
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Estée Lauder Bet Everything On China, And Lost" video.
In America, Daigou is known as "straw purchasers" and is heavily associated with cartels.
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Most of the time superior profits means you simply don't understand the risks involved.
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People should have known China, the country, was a scam based on their consumption of luxury goods alone.
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Yes, but they want to impress people in real life too. They'll put tea in old Starbucks coffee cups because they look up to American brands.
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@sqeeye3102 there isn't mass non-compliance with gun laws, goofball. And Sinaloa used straw punchasers to get burner phones. Heck, while in hiding El Chapo relied on his secretary to fetch lunch for him. Everything is more complicated when you're an outlaw.
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Tesla's China experiece was cut short due to cartel behaviors from Chinese car makers. Apple was hyped up in the civilized world too and in the early days of the internet tales abounded of employees damaging company property to get the latest IPhone. But yes, the purely luxury items followed a similar trend to this brand as Chinese people borrowed money they couldn't repay and spent it all on luxury items they cared nothing for just to show off. One corrupt official said she got so many luxury items as gifts that she had a secret apartment full of things she dare not even use. Most of the gifts were unsolicited bribes that she was not allowed to say no to.
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