Joyy Inc. says deal to sell its livestreaming business to search giant for $3.6 billion has been ‘substantially completed,’ despite November attack by Muddy Waters

After short seller publishes report driving Joyy shares down, livestreaming video giant says Muddy Waters misunderstands its business

In a 71-page report, short seller alleges evidence of revenue inflation, mismatches with local credit reports, and payments originating from company servers

Despite being almost universally loss-making, the sector continues to draw strong interest from investors

Muddy Waters accuses Chinese firm of inflating profit margins and cheating investors

Shares of New York-listed firm fall as much as 14% after Muddy Waters accuses it of fraud

Beleaguered dairy producer dismisses claims chairman pocketed 3 billion yuan to invest in real estate market