Friday, July 4, 2025

Retail success story from China

The Wall Street Journal has the story of a retailing success story from China. 36 year old Jianying Wang started with a fruit and vegetable street stand 15 years ago, and she now operates half a dozen stores around the walled compounds where foreigners live in the Chinese capital. Annual revenue is $3 million. Not only does she deal with typical bureaucracy, the government has also torn down her stores 3 times.

How would you like to operate a business under a totalitarian government? We don't know how good we've got it.

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