On November 7, Sean Ma, the founder of Snow Lake Capital, a hedge fund that reportedly produced a damning 2020 short report on Luckin Coffee, released another research report claiming that "the rebirth of Luckin Coffee is a miracle in Chinese business history!"
Global technology-based retail firm Miniso announced on September 15 the results of an independent investigation into a highly critical report released in late July by Blue Orca Capital. Miniso asserted that allegations made in the report have no factual basis.
Chinese low-cost retailer Miniso responded on July 27 to allegations made in a recent report by short selling institution Blue Orca Capital. The company said it believes that the report is groundless and contains misleading interpretations and conclusions.
Chinese electric vehicle maker NIO announced on July 11 that the company is setting up an independent committee to oversee an investigation into allegations made in Grizzly Research's critical short-seller report.
Grizzly Research released a report on Tuesday claiming that NIO, a Chinese new energy vehicle company, is likely using an unconsolidated related party to exaggerate its revenue and profitability.
KE Holdings, an integrated online and offline platform for housing transactions and services, provided on Friday an update on the status of its internal review that aims to clarify the report released by a short-seller firm.
American Muddy Waters Research and Wolfpack Research announced respectively that they were conducting a comprehensive investigation of IQIYI.