not vested
Alibaba March Quarter Earnings: Analysts Expect Growing Pains
By Shuli Ren
Source: Barron's Asia
http://blogs.barrons.com/asiastocks/201 ... ing-pains/
One specific China name he mentioned was Alibaba (BABA).
From CNBC:
[Chanos] said he has “real questions” about financial metrics and cash flow for Alibaba, the Chinese e-commerce giant.
“We just don’t see how profitable or unprofitable that business is,” he told CNBC from the Sohn Investment Conference in New York.
Chanos, who added that he suspects Alibaba is unprofitable, did not say how large his position is.
Revenue rose to 24.2 billion yuan ($3.7 billion) in the quarter ended March 31 from 17.4 billion yuan a year earlier, beating the average analyst estimate of 23.22 billion yuan
Short interest in Alibaba shares doubled in the second half of 2015, shooting from fewer than 50 million shares in June to a peak of 98.1 million in early January 2016. That has dropped back to around 77.5 million shares, more than 10 percent of Alibaba's free float, as of the last bi-monthly data from the New York Stock Exchange.
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