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by studentrob
3726 days ago
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> we definitely want to expand in the asian markets. Is China required or could you settle with Taiwan, South Korea, Japan, etc? You might want to investigate the experiences of other businesses who have tried to sell within China. China's judicial system is worse than ours. I wouldn't pump much time or money into tip toeing around their rules. Ultimately they can just block and clone you. Consider that China's blocking of FB, Twitter, and Google allow them to create their own copies of these sites that create jobs and earn money within China. China likes to say that these sites don't play by the rules, but it seems when you operate in China the goalposts are always moving. Personally I think that's because any government that is not by the people is unstable. That's up to them to decide, however. |
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The current interest in China (and our FOMO) is mainly driven by potential investors or acquirers. We've nearly finished our app with which we hope to bring eSports for-money tournaments to a whole new level.
In our type of business everyone is moving goalposts all the time, we have had interesting experiences with regulators in EU and US so I am unsure if Chinese bureaucracy can really top this.
Obviously, when structuring international business in that region Hong Kong or Singapore are prime locations, but I don't think the big vision can be implemented without having native speakers both in CN and SK.
As a German company, a lot of our "good old manufacturing" businesses have written case study over case study about expansion to China, with very mixed results. But I feel we're kind of forced into that decision right now, because growth can be explosive.