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"Only in August 2017 had oBike pulled off one of the largest series B rounds on record in Southeast Asia to raise US$45 million from a venture capital firm link
by icantdrive55 8y ago
"Only in August 2017 had oBike pulled off one of the largest series B rounds on record in Southeast Asia to raise US$45 million from a venture capital firm linked to a co-founder of Russia’s Mail.Ru Group a mysterious “leading global transportation platform” and several unnamed family offices in Southeast Asia. "
1. I bet they got payed off, or they got their money laundered in some other way?
2. So many Chinese companies seem to go out of their way to be fraudulent; I don't have much sympathy for investors anymore.
3. There used to be Investment Guys out there trying to expose shady Chinese companies, companies like NQ mobile, but I just don't hear much from them. I guess they figure if you invest with shady entities, don't expect your money back?
4. I love the back stories on these boy geniuses. Just lie until you thrive?