Right from the beginning Chinese products have been very well-known for their cheap price and bad quality. People often saw them as tacky and “made in China” tag created anxiety. Thanks to the small, not meeting the western standards Chinese stores that spread all over the Europe, China managed to quite permanently establish its name as the “kingdom of mass production that only copy other brands”. Many of us are probably not even aware how many Chinese companies became successful in the West, despite the hardships and mistrust they had to face. Even though cultural gap and historical stigma are difficult to overcome, it’s still not impossible to break through the foreign market.
GoPro is going public – can make up to $100 million
Camera maker GoPro, which sources its production in China, plans to list on the Nasdaq and aims for big profit. The company was founded in 2004 and the production was outsourced to the Shenzhen-based Chinese company. By now, GoPro provided hundred thousands of products for customers around the world and made recording their adventures possible.
Along with the legalization of marijuana use for in many American states, the new market niche was created. It is now legal to purchase marijuana for both medical and recreational use in Colorado and Washington, while marijuana for medical use is accepted in Alaska, Arizona, California, Connecticut, Delaware, Hawaii, Illinois and many others. Medical marijuana vaporizers are among the products that are imported from China and sold in the US with a large profit margin.