“If Alibaba wanted to defraud investors, it absolutely could,” Mr. Block, the founder of Muddy Waters Research, told an audience of accounting students and aspiring investors at Baruch College in Manhattan on Wednesday. Mr. Block, 38, belongs to a small group of short-sellers who cut their teeth digging up corporate misdeeds on Chinese companies listed in the United States. “China is to stock fraud as Silicon Valley is to technology,” Mr. Block said, adding that this reality should weigh on Alibaba’s stock price when it lists in New York next week, in what could be the largest stock debut ever in the United States. Mr. Block didn’t offer any evidence of fraud at Alibaba, but was using the company to illustrate a broader point. [Dealbook]

Mexico might be the place to be, but if you’re looking for some volatility or to relive the excitement of 2007-08, you’ll want to look to our largest creditor. Read more »

  • 16 Apr 2014 at 2:50 PM

The Bitcoin Bugle: Sinobits!

The Chinese may not like bitcoin. And they may not want their banks doing any kind of business with anything bitcoin-related. But they aren’t going to be so vulgar as to ban it. In fact, they’ll even let their citizens waste their hard-earned yuan on it. Read more »

If the Mt. Gox founder would like to avail his company of all of the wonderful protections offered by Chapter 15 of the U.S. Bankruptcy Code, he’s going to have to spend a bitcoin or two on a ticket to Dallas. Read more »

  • 28 Mar 2014 at 1:31 PM

The Bitcoin Bugle: China F*cking With Bit Again

The People’s Republic is doing its part to make sure the year 2014 is the cryptocurrency’s last, upping its December bar on banks trading in bitcoins to and outright ban on banks doing any kind of business with bitcoiners at all. Read more »

  • 05 Dec 2013 at 3:33 PM

China Identifies Real Threat To Global Stability

Pay no attention to unilaterally-instituted no-fly-without-permission zones or alleged violations of human rights. In fact, just ignore Joe Biden entirely, please. Read more »

  • 03 Dec 2013 at 1:26 PM

How To Be More Like Goldman Sachs, Part Four

Kicking off this week, ignore history and gamble that Chinese companies will grow—but that their favorite metallic addiction will get cheaper, anyway. Read more »

Earlier this week, SAC Capital agreed to plead guilty to insider trading and pay a $1.8 billion fine. Some people– namely, the Department of Justice, Steve Cohen and those who work for him– are, if not wildly pleased with the terms, at least prepared to go along with them, assuming it is approved this afternoon . Others, namely shareholders of Wyeth and Elan, feel differently. They want U.S. District Judge Laura Swain Taylor to reject the agreement outright and as for what kind of punishment should be dealt out instead? “Eddy N” has some ideas. Read more »