Counterfeit goods have long caused problems for China’s e-commerce goliaths. Now fake users may be the issue for a local video streaming company, YY Live, according to allegations by short seller Muddy Waters. YY Live is controlled by Nasdaq-listed Joyy. These charges have wider implications.

Questions about tech companies and fake accounts are not exclusive to China. In the US, Facebook’s own estimates suggest duplicate accounts represent about 11% of its monthly active users and fake versions another 5%. When adjusted for those, user number growth is much lower...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now