Applovin(US:APP) 智通财经网·2026-01-20 14:01Core Viewpoint - Applovin's stock experienced a significant decline following a short-selling report from Capitalwatch, which accused the company of systemic compliance risks and major financial crimes related to its core shareholder structure [1] Group 1: Allegations and Accusations - Capitalwatch's report claims that Applovin's major shareholder, Hao Tang, and his associated capital network are allegedly injecting illegal funds from China and Southeast Asia into the U.S. capital markets [1] - The report indicates that Applovin has significant fraudulent omissions in its SEC filings and that its management is accused of ignoring anti-money laundering (AML) laws, thereby facilitating the legitimization of assets for a group classified as a transnational criminal organization (TCO) by the U.S. Department of Justice (DOJ) [1]