Fraud! DON'T GO! - Business Development Director Hongkun Employee Review

1.0
9 Sept 2019
Recommend
CEO approval
Business outlook

Pros

Low barrier; easy to get in.

Cons

They named Business Development but truly they just want to exploit your personal resources - namely to let you persuade your friends and relatives to put money in this company. Even worse, Hongkun USA would lie about getting you h1b, but if you "fail" to bring in any personal money, they would just fire you. Apparently it is a fraud. DO NOT come here if you have any other decent offers. Chaos management. All managed by the family relatives. No regulations needed if it is the blood relation that counts most. Obscene atmosphere. Lots of MARRIED male Cs and directors (some even have children) are still hooking up with the newbies and judging about their appearances behind back. Lot of rumors going on.

Explore other reviews about Hongkun

5.0
14 Aug 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good as well for this company.

Cons

none to report for this company.

2.0
26 Dec 2019
Recommend
CEO approval
Business outlook

Pros

Overall, Hongkun USA is a good company for those who wish to start a career in real estate development and/or real estate finance. The company determines a person's worth primarily on face value. With that being said, this provides great opportunities for persons lacking in experience, field knowledge, or simply looking to adventure into this field. The company provides a tremendous amount of glamour and "razzle-dazzle" from its headquarter in NYC, and only its headquarter in NYC. The same cannot be said for its other field offices across the nation.

Cons

The company lacks foundation, leadership, and structure. The company is lead by a young couple who has had minuscule exposure to real estate development. It was evident in their general approach to development, how they construct their capital stacks, hiring plan, and the tendencies to over-pay for lands. They boasted having being in the United States for the last 10 years, yet they are unable to produce a portfolio, sensible project, or even worthwhile professional relationships. They have burnt many bridges believing that they can buy their way out, or in - to deals and prestige - very similar to the numerous other China-based developers that have ventured overseas. Unfortunately, it has only caused delays, extra expenditures, mismanaged budgets, and burnt bridges.

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