As background, one of my ventures is working with a UK-based software company to expand their markets. Recently we’ve been approached by a Hong Kong based consultancy intererested in partnering to expand into HK and mainland China. This wasn’t really sought out, and isn’t part of our current business plan (Asia was originally scheduled in the undetermined future).
I’m looking for input on what factors to worry about if we decide to consider this option. A few off the top of my head, would include:
- Intellectual property protections
- Collections in China (getting paid)
- Extracting profits from China (getting money out of the country)
Are these valid things to consider? What other things, large and small, should we take into consideration? Any thoughts on those topics? Any experiences in this or similar areas?
Thanks! This is an exciting and at the same time intimidating prospect.