Remark Holdings 'firmly rejects, denies' false allegations made by J Capital
Remark Holdings both firmly rejects and denies the numerous false allegations made by J Capital Research analyst Anne Stevenson-Yang in a report published yesterday. "The claims made in the J Capital Report are completely false and unsubstantiated," stated Kai-Shing Tao, Chairman and CEO of Remark Holdings. "It's unfortunate that we have to even respond to such baseless accusations, but we believe it is necessary to prevent this cowardly attack from creating further damage to Remark's strong, hard-won reputation as a global technology leader. With this now behind us, we will continue focusing on the more important matters of our business. We greatly appreciate the confidence and support shown by our shareholders and remain dedicated to creating long-term value in the months and years ahead. We look forward to discussing the progress of our AI platform and our continued revenue growth on our next earnings release."