Imagine, your e-commerce business is on-track and booming. You have attracted many customers globally, especially from Asia and China.
The Entrepreneurial Story
Imagine, your e-commerce business is on-track and booming. You have attracted many customers globally, especially from Asia and China. Satisfied customers are coming back for more of your goods and services. You might have experienced a struggle here and there, but as a fierce entrepreneur, the money headed your way far surpasses the business challenges you have faced.
One day, you watch the news about the government cracking down on a major e-commerce due to alleged violation of anti-trust regulation. This raises your eyebrows but not enough to worry you about this happening to your business as you think the government would never pay attention to an SME like your own. This seems to be imposed on only big players to level the playing field, which is better for the industry.
Fast forward half a year later, you read a news article online about the ride-hailing company that is in some serious regulatory probe regarding data privacy and is told not to accept any new users during the investigation. You wonder how this will affect your brother’s income as he is a driver for the ride-hailing app. It bugs you a little, but you recognize the importance of user privacy in the interest of the public.
Shortly, the government declared the introduction of industry-wide regulations on the whole off-campus tutoring and training...
Read Full Story: https://www.influencive.com/hong-kong-story-for-entrepreneurs-expanding-to-china/
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