Understanding culture: why Walmart has struggled in China

Sea Bass With Barbie Dolls Challenge Wal-Mart in China
By Bloomberg News -, bloomberg.com

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Shelves stacked to the ceil­ing with low-price hot sauce, Bar­bie dolls, and noo­dles stand near tanks where shop­pers can fish out live sea bass for din­ner. Wel­come to RT-Mart, China’s ver­sion of Wal-Mart Stores Inc. (WMT)

From Shang­…

RT @BloombergNews: In China, discounters fight Wal-Mart with tanks of live fish | http://flip.it/gZqQe http://flip.it/y0aQp

Struggling Big Pharma returns to Chinese ethno medicine for ideas

Ancient Chinese Cures Seen Helping Drugmaker Pipelines
By Bloomberg News -, bloomberg.com

The world’s biggest drug­mak­ers are turn­ing to ancient Chi­nese reme­dies to boost prod­uct pipelines.

Glax­o­SmithK­line Plc is test­ing botan­i­cals — com­pounds extract­ed from plants — for immune dis­or­ders, Sanofi plans to turn…

RT @BloombergNews: The world’s biggest drugmakers are turning to ancient Chinese remedies to boost product pipelines | http://flip.it/LvSJB http://flip.it/mDJ6f