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At 9:30 a.m. this morning executives from Kingtone Wirelessinfo Solution Holding Ltd. will ring the opening bell for trading at the Nasdaq MarketSite in New York. There will be pictures aplenty, with the requisite staged applause and deep grins, that make for such easy and welcome public relations copy for investors and the local media [...]

Editor’s Note: In preparing this article, the video was inadvertently posted on Vimeo prior to the release of the article. The failure to designate the file as “private” was my oversight. I apologize for this and will take pains to ensure this does not happen in future stories where video is involved. Give Tianfu Yang, [...]

Here is an additional clip of China MediaExpresses’ headquarters. It is difficult to imagine a less substantive example of a company whose reported revenues for the nine months ending September 30 more than doubled. Then again, it pays to recall that the entire premise of China MediaExpress is built on accounting fraud. As a piece [...]

As you know, I do not take advertisements or sponsorships, nor do I take money or solicit donations in the process of doing this site. There are many reasons for this: hassle, the nobility of the mission, conflicts of interest and most of all, I do not want to distract from reporting by dealing with [...]

Educating over a billion people can be a daunting task for any nation. But ChinaCast Education, a Hong Kong-based operator of for-profit universities and online degree programs, seems to have found a way to lure everyday Chinese people into institutions of higher learning and make a handsome profit in doing it. Problem is, ChinaCast has [...]

Here is some video of the visit to China MediaExpress taken on an iPhone. There should be additional clips posted in the coming days. The woman speaking is Vinne Ye, the assistant to the Chairman. In several clips I am the fellow wearing the tan raincoat. The American voice heard most often is my colleague [...]

Editor’s Note: This story was held until the completion of the Chinese New Year celebration afforded management and its PR firm a chance to prepare comment on FI’s extensive list of questions. Management never responded and the PR firm quit. Because of the strength of my thesis–the company is a rank fraud–and based on weeks of reporting, [...]

Editor’s note: I have corrected several mistakes that were posted in the original piece, such as mis-identifying China Development Bank and the amount of money Baring’s was going to be required to invest if the original transaction was completed. I regret these mistakes. I have also added some links to research reports and added FI.com’s [...]

Comes now the news that Frazer Frost, the Michael Jordan of Chinese reverse merger accounting firms, is calling off its merger with the Moore Stephens Wurth Frazer & Torbett LLP firm. One day shy of the one year anniversary date, the accountancy is scrapping a “trial merger” and is splitting back into Frost LLP of [...]

A smallish diversified pump and motor manufacturer located in the Chinese equivalent of Nebraska wouldn’t ordinarily rate a second investigation but Harbin merits a serious exception. Recall that Harbin is currently pondering a $24 per-share buyout from its founder and chief executive Tianfu Yang and Barings. White shoes abound: Goldman Sachs is advising  Barings and [...]

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