Passing on the business to sons and daughters is the habit of the East Asia, as well as the reason for businesses to fail. I am from Hong Kong and we keep laugh

Passing on the business to sons and daughters is the habit of the East Asia, as well as the reason for businesses to fail. I am from Hong Kong and we keep laughing at a handful of local banks of staying in the 1960s for this reason. Similarly in Japan, but they find a brilliant way to work around this tradition: Business owners adopt adults as sons so that they can pass on the company to the right hands.