Short-seller CapitalWatch apologizes, retracts report on AppLovin shareholder

The AppLovin logo arranged on a laptop in New York on Feb. 26, 2025.Short-seller CapitalWatch has issued an apology and revised its report accusing a major AppLovin shareholder of financial crimes. The report, published last month, alleged relationships between Hao Tang and criminal syndicates, which the short-seller now says is inaccurate."Descriptions asserting direct connections between Mr. Tang and Chen Zhi, Prince Group, Jin Bei Group, Tang Jun, and Yang Zhihui were inaccurate and failed to meet our pu ...