Battery Ventures — Not
Although a lot of US investors have been setting up shop in China, this is probably not what Battery Ventures had in mind: (via Silicon Beat)
There appears to be a fraudulent site or company in China masquerading as Battery Ventures, in what looks to be a first for a well-known venture capital firm.
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But check out the Chinese clone site, at http://www.usa-big.com. Pretty identical to the real Battery site. About the only thing that’s really different is the logo. The clone drops the “V” and just carries the big “B”. Calling themselves the “American Battery Investment Group.” Suppose that makes it just fine then.
Apparently, Battery’s evil twin offers to invest in companies that pay a “processing fee”…
Tags: china, vc, investing, global trade
