Category: <span>Muddy Waters</span>

Why these investment firms are backing Joyy despite Muddy Waters’ report

Zhuang Minghao, vice president at Matrix Partners China, says the bombshell report makes two “fatal” mistakes in its logic. Source…

Sean Ma said that Muddy Waters’ reports have been “very poor” in the past few years. Source link

After the report was released on November 18, Joyy’s stocked dropped US$26.53 per share to close at US$73.66. Source link

The company said it is open to cash verification and diligence to be conducted by competent third-party advisers. Source link

The report comes shortly after Baidu agreed to acquire YY Live in a US$3.6 billion deal. Source link