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2020 has started in the worst way possible. Not only is the global economy still trying to figure out how to deal with Covid-19, but more and more Chinese companies find themselves in the spotlight of short-sellers and regulators.
In December 2019, Wolfpack Research called Qutoutiao, Tencent’s content aggregation platform, a “low-tech, cash incinerating malware distributor.”
In February, Grizzly Research called out 58.com, “China’s Craiglist”, as an accounting house of cards with little economic substance. That same month, Grizzly calls GSX Techedu, an online education platform, the worst publicly traded education company.
In April, Wolfpack Research releases a short-selling report accusing iQiyi of exaggerating revenue. iQiyi’s share prices fall 11.2% Tuesday morning before bouncing back to gain 3.2% by market close. That same month, TAL, an online tutoring platform, says that one of their employees may have inflated sales figures.
How much can we trust American short sellers? How much can we trust Chinese companies? Can we expect any more fraud admissions or accusations?
Join us on Apr. 23, 2020 at 8 pm (GMT+8), for a special discussion with John Artman, TechNode Editor in Chief; Michael Norris, TechNode contributor and Research and Strategy lead at AgencyChina; James Hull, founder of Hullx Capital and China Tech Investor co-host; and Emma Lee, TechNode reporter.
Panelists:
John Artman
Editor in Chief at TechNode
John Artman is the Editor in Chief for TechNode, the leading English information source for news and insight into China’s tech and startups, and co-host of the China Tech Talk podcast, a regular discussion of tech trends and issues in China. John has been living in China since 2008. In that time, he has held a variety of positions in media, technology, and content.
Michael Norris
Research and strategy lead at Agencychina
Michael Norris is Agency China’s Research & Strategy Manager. Michael is very much on “the front line”. He spends one-third of his time undertaking fieldwork across China’s varied geography and city tiers. He has previously partnered to deliver breakthrough insight and research for brands and hedge funds. He contributes to TechNode, where he writes on digital competition, business models and failed unicorns.A few of his popular stories on TechNode include “Oyo China operations are on the brink of collapse” and “Luckin fraud admission leaves more questions than answers“.
James Hull
Founder of Hullx Capital
James Hull has been in China for 12 years. He has managed his own portfolio since his teenage years. Most recently he worked with JIC Capital (an SOE under CIC)on a New Energy PE fund and overseas M&A. Previously, he has done management consulting, public company IR, financial and investment analysis, and FP & A. He’s the Founder of Hullx Capital and co-host of China Tech Investor podcast with Elliot Zaagman through TechNode.
Emma Lee
TechNode reporter
Emma Lee is a Shanghai-based tech writer, covering startups and tech happenings in China and Asia, specifically in new retail and e-commerce. She has been covering stories on the recent happenings of the aforementioned US-listed Chinese companies that are in the spotlight of short-sellers and regulators.
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