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News For BABA From the Last 2 Days
Nov 22, 2017 | 11:20 EDT
Short-selling focused research firm Muddy Waters just tweeted: "Article in @barronsonline on our $BABA Tweets the other day questioning Singles Day GMV numbers and noting sell-side sycophancy. BABA had no comment." Reference Link
Nov 21, 2017 | 06:16 EDT
Tencent (TCEHY) is close to securing an e-payment license in Malaysia for local transactions and expects to launch in the region early next year ramping up competition with Alibaba (BABA), Reuters reports, citing SVP S.Y. Lau. The Chinese social network firm, which surpassed Facebook (FB) in market value on Tuesday, is expanding its WeChat platform, making Malaysia its first foreign country to roll out the platform in as it looks for new growth opportunities. Reference Link
Nov 20, 2017 | 18:19 EDT
Short seller Muddy Waters Research just tweeted, "Entertaining and coherent dissection of how obviously fake $BABA's numbers are. Points out Singles Day claimed GMV exceeds ANNUAL rev of Sears/K-mart... Have to also love the blatant sell side co-option on display on the $BABA call. BAML, Barclays, CS analysts in Q&A have dropped any pretense of professional skepticism by referring to company as 'we', 'us', 'our'." Muddy Waters included a link to a November 17 blog post by an anonymous writer titled "Deep Throat." Reference Link
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