Obviously they aren't getting more Chinese business, but they've struggled there already. But it makes it a lot easier for them to compete everywhere else. Competing against CCP is going to be a lot easier than competing against Jack Ma.
Let's play this out. Suppose the CCP does nationalize BABA, and as a result Amazon starts beating it. Over time Amazon comes to dominate Chinese ecommerce, with hundreds of billions of yuan flowing from Chinese consumers to Bezos' pocket. Bezos then says something critical of the CCP.
How is this scenario likely to develop after that point?
I'd be very interested to see what the CCP would do in that instance. I don't believe they've gone after Western billionaires in the same way that they've gone after their own before.
Also, with Bezos being the (second) richest person in the world, and with Amazon being very much a household name, I wonder if they would risk the backlash from Western governments and private entities if they were to carry out a "disappearing act" on Bezos.
> billions of yuan flowing from Chinese consumers to Bezos' pocket
I started my post with the assumption that Amazon is never going to get big in China. Regardless of whether Bezos is nice to the CCP or not, the CCP is not going to allow Amazon to displace Alibaba.
My comment is referring competing for business in the rest of the world. Other countries where Alibaba and Amazon are both trying to gain marker share.
I didn't see the part including and following "Obviously they aren't getting more Chinese business..." when I made my comment. I don't think we disagree, then.
Obviously they aren't getting more Chinese business, but they've struggled there already. But it makes it a lot easier for them to compete everywhere else. Competing against CCP is going to be a lot easier than competing against Jack Ma.