“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]
Noted Business Intelligence Professional Not A Very Good Actor
Carson Block is on to you, Jean-Charles Brisard.