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Is IP theft in China a problem?

Yes

"I would bring experience, design, engineering and related technologies developed over my 40-year career in the automotive industry building race cars and high-performance street cars. My contributions to the deal were valued at $800 million"

Yeah. Sure. And then the ferry tale starts...

(I live in China and work with some VC guys)

" the joint venture applied for 510 Chinese patents for my designs, technologies, trade secrets and engineering developments. Most of the patent filings didn’t even list me as the inventor. "

Yeh. Sure. I may believe this number since patents applied for/issued it is a metric for Chinese companies based on government requirements. 1 Person? 500 Patents? be assured that most of it are bullshit patents.


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