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by Bucephalus355 2832 days ago
Worth pointing out that this blog, somewhat well followed in investment circles, claims 90% of Alibaba’s revenue, at least since the 2014 financial reports, is completely fraudulent: https://deep-throat-ipo.blogspot.com

They are doing the old Enron trick of creating hundreds of shell subsidies (over 900 at this point...many of which don’t even have a website or more than a single corporate officer / employee) to hide the debt.

1 comments

Even I wanted to believe it is all true, how credible is the source that is apparently from the anonymous Blogspot post?