business practice

How To Avoid Your New Business Model Or Concept Being Copied By Your Potential Competitors?

Q: How to avoid my new business model or concept being copycat by our potential competitors? Particularly our competitors have more resources and they want to copy our model to launch a consumer App product.

Is it a wrong strategy to pitch our idea to other people when it is still at a very early stage?

A: Copycat is a fact of life. The Swiss pharmaceutical industry, for instance, can be traced back as copycats of the German’s and the whole Chinese ‘Shanzai’ industry are essentially copycats.

How Best To Identify Local Business Partner And Negotiate For Making It Happen?

Q: When a Consumer Type Asia-based Tech Company is entering the US market remotely, what is the best way to identify local business partners and negotiate for making it happen?

Is Google the only approach to source potential business partners? I mean we don’t have any staff or rep in US to do ground work yet.

A: First and foremost, JUST DO IT.

Of course, there are different ways to approach it.

Should You Launch In Multiple International Markets Simultaneously?

Q: Is it a good idea for a start-up to launch in multiple international markets (with limited entry barriers) simultaneously?

We’re working on a mobile app which is new but easy to copy. But the product doesn’t have a technical advantage and little intellectual property.

A: Honestly the answer is “IT DEPENDS.”

It is hard to comment without knowing the specifics. Yet, here are some general questions for your initial consideration:

How To Market To Potential Customers?

Q: My Company is organizing an LPS (luxury property show), where we are going to market some of our best real estate products, but none of us were in the sales before. Any advice on how to do the event planning and attract fortune generations (富二代 is like rich family’s children)?

A: I’m not sure that you have the right questions here, even though there isn’t enough information on your company and the real estate products you are trying to market.

Chinese versus U.S. Banking Industries: Collaborate and Win

In May the U.S. Federal Reserve approved the first acquisition of a U.S. bank by a stateowned Chinese bank. The Industrial and Commercial Bank of China, the largest bank in China according to asset value and called the “best bank in China” by Euromoney, acquired an 80 percent stake in the U.S. arm of the Bank of East Asia. Despite the modest transaction value of $140 million, the approval caused a stir in the United States. Critics voiced their concerns that ICBC represented “Chinese interests” rather than the interests of a purely commercial bank. ICBC was 70.7 percent owned by the Chinese government.