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Etymology 2
From Cantonese行(hong4, “trade, business”).
(This etymology is missing or incomplete. Please add to it, or discuss it at the Etymology scriptorium. Particularly: “Could someone with knowledge of Cantonese verify this etymology? Is it a shortening of 洋行”)
1901, Hezekiah Butterworth, “1.Strange Things to Be Seen in China – Jataka Tales – the Boxers – American Tea-farms”, in Traveller Tales of China or the Story-Telling Hongs, Boston: Dana Estes & Company, page 11:
"You and your son are about to visit China," said a Chinese agent of an old and established hong in Canton. […] The speaker was Ah Hue, or Ah Hue-Ling. He had made a reputation for honorable dealing as an agent of the tea trade.
1935, William Ukers, All About Tea:
In this partly manufactured state they are sold to collectors, who re-sell them to tea hongs, or factories, and these hongs in turn resell to middlemen, who supply the foreign exporter.
1997 August 7, “Superman versus the hong”, in The Economist, →ISSN:
Even though China's red flag now flutters above them, some 40% of the offices are still owned by Hongkong Land, an immensely wealthy company that is part of the Jardine Matheson group, the biggest of the British-owned “hongs” and the one that did most to establish the British territory.
Transcriptions of Mandarin into the Latin script often do not distinguish between the critical tonal differences employed in the Mandarin language, using words such as this one without indication of tone.