On opening day, customers overrun Costco’s first store in China

August 28, 2019

Costco management made the difficult decision to cut day one short at its first store in mainland China. The Shanghai location was mobbed immediately after doors opened for business. According to some commenting on Twitter, customers waited three hours just to find a parking spot. Store aisles and checkouts became so crowded, management was concerned for customer and worker safety. The fervent reception was somewhat surprising given that Walmart has operated its Sam’s Club warehouses in the country for 20 years, now with 24 locations.

Recent News

Google’s Antitrust Trial Teeters On

Google’s landmark antitrust case against the Justice Department has reached its final stage, sparking concern across Silicon Valley. Prosecutors argue that Google’s dominance in online search and search advertising markets is illegal, while Google maintains its superiority. The outcome, to be decided by US District Judge Amit Mehta, could have significant implications not only for Google but also for other tech giants like Apple, Amazon, and Meta.

Apple’s Vision Pro Headset Dominates Enterprise Market

Apple’s Vision Pro headset, a mixed-reality spatial computing device, has found its way into the arsenals of more than half of the Fortune 100 companies, with over 50% investing in at least one unit. This revelation came during Apple’s first quarter 2024 earnings call, where CEO Tim Cook highlighted the enthusiastic reception of their products within the corporate sector.