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Re: China to End Ban on
Videogame Consoles
I don't see it being practical for GME to expand in China. For
one thing, don't the people there still have a lack of respect for
copyrights, so they'll pirate whatever they can? I assume IAP (In
App Purchases) will rule, not retail software sales. Further, there
are presumably huge limitations for foreign companies setting up
shops there. And we're not even considering whether it's a good
investment anyway. A lot of their wealth effect is tied into the
shockingly manipulated and over-priced equities market, where
retail investors of every income level have been herded into, and
that looks so risky. It would take a brave person to be announcing
a major China investment now. If there exists a retail chain
already, maybe a smart play would be to take a minority position in
it (not enough to have big issues with whatever regulations there
are about foreign ownership), and use their knowledge and systems
to improve that chain.
Sort of related...
cnbc.com/20...g.html
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