China is a country that is not easy for foreign companies to enter, and American companies have already entered the country but eventually exited, and given the geopolitical tensions between Washington and Beijing, it is likely that companies obtaining data will continue to Facing regulatory obstacles.

US retailers failed to adapt to the cultural differences of Chinese consumers, for example Best Buy suffered because Chinese consumers were unwilling to pay a higher price on branded electronics, Whereas, local retailers in China can often get similar or replica items much cheaper.

Source: Visual Capitalist