US regulator is investigating Iqiyi for financial fraud

By Wei Sheng

Chinese video-streaming platform Iqiyi said Thursday that it is under investigation by US authorities over a short report released in April which accused the company of inflating 2019 revenue by up to 40%.

Why it matters: US regulators are more acti…

Beware ‘high-tech China hustle’: experts

By John Artman

Short sellers are helping to fight a “China hustle 2.0,” experts said at a TechNode webinar held on Zoom the evening of April 23. 

The recent admission that Luckin Coffee fabricated approximately half of its sales revenue reflects a wider probl…

US-listed Chinese firms are on thin ice

By Emma Lee

After Luckin Coffee’s spectacular admission of fraud, more Chinese companies are finding themselves in the crosshairs of regulators and short sellers. Some are trying to get out in front of them.
TAL Education, an online tutoring platform, said last Tu…