/biz/ - Business & Finance

>>11303907

Far bigger? You have a scammy Chinese EV company BYD which is desperately in need of money because they have been propped up by Chinese subsidies and are now bleeding money:

> https://www.reuters.com/article/us-byd-results/chinas-byd-warns-profit-to-plunge-on-electric-car-subsidy-cuts-shares-tumble-idUSKBN1H31PP

and they have a shit reputation:

> Faulty buses delivered to state of California and under investigations discovered that buses that were delivered were not the same as buses tested for contract

> Promised to bring green jobs to Americans for state of California but found importing Chinese workers who they were paying $1.50 /hr

https://www.huffingtonpost.com/2014/04/01/byd-china-electric-car_n_4964233.html
http://www.latimes.com/local/lanow/la-me-electric-buses-20180520-story.html

And no US/EU enterprises are going to adopt Vechain trusting their data and supply chain to a shady Chinese tech company and 101 anonymous nodes when companies like Huawei and other Chinese scum companies are known implanting spy microships in hardware they ship to companies around the world. If the idiots at DNV GL are pushing this garbage Chinese scamchain, do you think enterprises will just go with DNV GL?

But I don't even think VeChain goes that far. It's mostly a marketing gimmick that has sucked up dumb money from suckers.

Invest in China they say.