Our speaker Paul Denlinger adds to one of his favorite stories as MySpace loses out in China, following a trend by a larger number of IT-companies from the US, he writes on his weblog.
The China CEO of MySpace Luo Chuan leaves for a domestic video hosting company, showing that getting an effective local management team is hard to keep together.
When you come right down to it, there is little a global brand can bring to the table in China. Most add a burden of a faraway headquarters without empowering the local management team to be more competitive. This is not a problem which is unique to China, it is also happening in the social networking market in Japan.