It’s a variation of a strategy long deployed by consumer-facing global giants like Coca-Cola and Procter & Gamble, which prioritize global experience in its leaders and connect strong regional operations. HSBC regionalized its operations at the start of last year, splitting its operations between “Eastern Markets” and “Western Markets.” And years of heightened tensions and tariff wars with China have long forced companies to alter what Singapore Prime Minister Lawrence Wong called the “invented in California; made in China” strategy that helped firms like Apple so profitably scale.
Read the full story at The Verge.
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A version of this story was originally published on Fortune.com on June 11, 2025.