After Walmart opened, ten of thousands of small business were out of business.
Would the same thing happens to the Chinese store here? Perhaps.
However, the biggest problem facing family business like the 168 is continuation. Normally they don't have the ambition (or don't want to) to take it big or have big backers like the TNT. When the owners grow old, none of their children are willing to take over the business, so the only way out is to sell the business or close the shop.
It is as simple as that.
Would the same thing happens to the Chinese store here? Perhaps.
However, the biggest problem facing family business like the 168 is continuation. Normally they don't have the ambition (or don't want to) to take it big or have big backers like the TNT. When the owners grow old, none of their children are willing to take over the business, so the only way out is to sell the business or close the shop.
It is as simple as that.