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You do realize China is the second largest consumer market in the world? If MOU were jack shit, people wouldn't be doing business there. Many companies intentio
by pavs 8y ago
You do realize China is the second largest consumer market in the world? If MOU were jack shit, people wouldn't be doing business there. Many companies intentionally share their IP in order to do business in China.
- JumpCrisscross 8y ago> If MOU were jack shit, people wouldn't be doing business there It’s a great place to do business. Their MoUs and LOIs are worth jack shit.
- pavs 8y agoThis is not some mom & pop shop, when multibillionaire companies sign billions of dollars of MOU, it has to be worth something. You could argue MOU is jack shit in general, but saying MOU is jack in China but China is great to do business with does not a computer, considering some of the largest companies in the world are signing MOUs and going ahead with their project just fine.
- JumpCrisscross 8y ago> You could argue MOU is jack shit in general MOUs from non-mainland companies may get you financing. MOUs from mainland Chinese companies will not. They have a high rate of falling through, and are most properly treated as prettified e-mails. Different commercial cultures.