Welcome to another Hongda Business Services Roundup! Before we get started with this week's roundup, I'd like to wish you all a very Happy Dragon Boat Festival from everyone of us over here, and hope that you enjoy your down time with your families and friends!
This week we have some great posts for you that include:
Dragon Boat Festival traditions and the legend of Qu Yuan
Starting a business in Hong Kong: HK by the numbers [Infographic]
Protecting Trademarks In China: 5 Cautionary Tales You Must Know
Why U.S. IoT Entrepreneurs Should Consider Moving to Hong Kong
Let's get right to it!
1) Dragon Boat Festival traditions and the legend of Qu Yuan
Falling on the 5th day of the 5th month according to Chinese lunar calendar, the Dragon Boat Festival, also known as Duanwu Festival, is one of great significance. It has been held annually for more than 2,000 years and is notable for its educational influence. The festival commemorates the patriotic poet Qu Yuan (340-278 BC), and also acts as a chance for Chinese people to build their bodies and dispel diseases. Many legends circulate around the festival but the most popular is the legend of Qu Yuan.
2) Starting a business in Hong Kong: HK by the numbers [Infographic]
3) Protecting Trademarks In China: 5 Cautionary Tales You Must Know
The use, or should I say 'misuse' of various trademarks by Chinese companies has taken on an almost legendary status in today's business world.
But while it is often funny to see some of the fakes and blatant misuses of famous trademarks, it wouldn't be a laughing matter were your business to be on the receiving end of this treatment.
This is why protecting trademarks in China is more important than ever for foreign businesses who're operating here.
The worst can, and does, happen; and don't think that it wouldn't happen to your company, because sticking your head in the sand won't change the facts. There are 'enterprising' folks out there just waiting to find the next big thing from abroad and quickly nab their trademarks before they have a time to react, ham-stringing them when they do finally operate in China!
4) Why U.S. IoT Entrepreneurs Should Consider Moving to Hong Kong
In Asia, Hong Kong is seen as the "gateway to China" and is a target destination for entrepreneurs in the fintech, logistics and hardware realms.
According to a Compass ecosystem report, Hong Kong is a densely-populated city of 7.3 million people but is known among international business circles for its “ease of doing business, sound legal environment and advantageous geographical location.” It also ranks first across the globe for economic freedom, scoring the top spot for 21 consecutive years.
The report notes that the city-state’s proximity to China’s Pearl River Delta makes Hong Kong an ideal place for IoT (Internet of Things) startups to land -- mainly due to Shenzhen’s position as a “globally competitive hardware prototyping and manufacturing” hub.
To top it all off, it’s mobile and broadband penetration is also one of the highest in the world which makes Hong Kong an attractive place to run a global business.
Please let us know about any of your thoughts regarding some of the topics we recapped this week in the comments below, or let us know about any other topics you'd like for us to cover.
That's it for the roundup! Hope that you all have a very relaxing weekend, and see you all again next week for more on the news and posts that matters most in our world.