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If the company is based in China and you are not a Chinese citizen, I would be very wary. It is a common story that the Chinese cofounder can steal the business
by yellow_lead 5y ago
If the company is based in China and you are not a Chinese citizen, I would be very wary. It is a common story that the Chinese cofounder can steal the business from the foreign partner. I've heard these stories multiple times both from friends and online. In the Chinese courts, a Chinese citizen will always prevail. Many have lost their business this way. Unless it's an extreme circumstance, I would highly recommend against it.
- pirisek453 5y agoThere's a big advantage in raising capital... he would literally have people throw money at him with just a slick presentation. But the problem is that he would be the only non-Chinese speaker in a room full of Chinese investors. Also IP protection is fairly weak over there. Ah, the promise of riches.