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Istuary Innovation Group

Is this your company?

Ponzi scheme with no real product! Be warned! - Anonymous employee Istuary Innovation Group Employee Review

1.0
Dec 19, 2015
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Wow, a full-time job in Downtown Vancouver. A glorified title and stable income. It's very difficult to reach the words minimum required for this company!

Cons

All they do is lying! They lie to Canadian governments and organizations about their operations in China, and pose as a "true Canadian company" to the uninformed Chinese. They are constantly trying to raise funds from wealthy Chinese investors who have no idea about high-tech. But in all reality, this company does not innovate; all they do is ripping off products created by others. The army of employees they hired (and are constantly hiring) is being used to indicate how "successful" they are. So is the large office space. All the CEO does is to show the Chinese investors, government people around the office, and explain his "vision" about their "business model". Yes, this is indeed a very "innovative" form of fraud! At least in Canada! They take advantage of well-known political and business organizations to boost their reputation. They attend and sponsor public activities like there is no tomorrow, all in an effort to appear legitimate. This is all very common in China, where bureaucrats are corrupt and wealthy business people are eager to invest and laundry their illegal profits! So, don't waste your time. Don't be an actor and/or co-conspirator for this company! Oh, by the way, they will ask you to invest your own money, and get your friends and relatives to invest, too. They will even give you a kickback! Very nice indeed!

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Istuary Innovation Group Response
10y
Hello, It’s very unfortunate that you were not able to gain a better understanding of our business model during your employment. As we have experienced such rapid growth from a start up of 3 employees to a team of 130 in 2.5 years, and as such, we have experienced “growing pains”, including weak internal communication channels. One of our goals for 2016 is to strengthen internal communication and increase transparency. Our business model is simple. As you know, the Canadian technology market is innovative but saturated. China on the other hand has a huge demand, but lacks innovative technology. We bridge this gap by developing world-class technology with our team of very talented engineers in Canada, we then propel that technology into the large market of China. Please feel free to contact us at info@istuary.com to discuss if you have any further questions/concerns.

Explore other reviews about Istuary Innovation Group

5.0
Aug 2, 2017
Anonymous intern
Recommend
CEO approval
Business Outlook

Pros

Co-workers are very friendly and willing to help each other out. ITs very responsive to problems.

Cons

Lunch room is too small. Constantly run out of meeting rooms. Need more space for each desk.

3.0
May 27, 2021
Recommend
CEO approval
Business Outlook

Pros

Aggressive and eager to expand fast

Cons

Didn't have solid product line

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