In November last year, Japanese electronics conglomerate Sony sold all its shares in Sony Electronics Huanan, and British high-street retailer Marks & Spencer announced it was closing all its China stores amid continuing China losses. Photo: SCMP In November last year, Japanese electronics conglomerate Sony sold all its shares in Sony Electronics Huanan, and British high-street retailer Marks & Spencer announced it was closing all its China stores amid continuing China losses. Photo: SCMP
In November last year, Japanese electronics conglomerate Sony sold all its shares in Sony Electronics Huanan, and British high-street retailer Marks & Spencer announced it was closing all its China stores amid continuing China losses. Photo: SCMP
Jane Li
Opinion

Opinion

Across The Border by Jane Li

Why foreign companies are shutting shop in China

Sony Electronics, Marks & Spencer, Metro, Home Depot, Best Buy, Revlon, and L’Oreal – some of the big names to have closed Chinese operations

In November last year, Japanese electronics conglomerate Sony sold all its shares in Sony Electronics Huanan, and British high-street retailer Marks & Spencer announced it was closing all its China stores amid continuing China losses. Photo: SCMP In November last year, Japanese electronics conglomerate Sony sold all its shares in Sony Electronics Huanan, and British high-street retailer Marks & Spencer announced it was closing all its China stores amid continuing China losses. Photo: SCMP
In November last year, Japanese electronics conglomerate Sony sold all its shares in Sony Electronics Huanan, and British high-street retailer Marks & Spencer announced it was closing all its China stores amid continuing China losses. Photo: SCMP
READ FULL ARTICLE