A modern logo must be simple with color and form. Red is “asian color” and that color have meaningful as brave and confidence. Rounded form mean togetherness in solid group to achieve a target.
This logo very simple but unique. And it’s easy to use in many kind of product or place. I think simple is exlusive. If a logo contain many color it will make a focus of message dispersed. There is an open side in the top that mean your group will get what you want and it will not go out again.