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Short Seller Says Chinese Video Firm With Baidu Deal Is a Fraud

By
Juro Osawa
· · Source: The Information

Short seller Muddy Waters Research published a report accusing Nasdaq-listed Chinese social media and online video company Joyy of being a “multibillion-dollar fraud.” The bombshell report came just days after Chinese search provider Baidu announced a deal to buy Joyy’s live-streaming business called YY Live for about $3.6 billion. In the report, Muddy Waters claims that up to 90% of YY...

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