Here’s Why Alibaba’s Accounting Is As Alarming As Enron’s — Fortune

Jim Chanos, the hedge fund manager who was one of the first to detect problems at Enron, says the accounting at Alibaba Group is as problematic as the now-defunct, corrupt energy company. Chanos specializes in short selling, or betting that certain stocks will go down. Chanos says that Alibaba baba , like Enron, uses off-balance-sheet…

via Here’s Why Alibaba’s Accounting Is As Alarming As Enron’s — Fortune

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