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  "docSlug": "4a1cd2416c13",
  "documentTitle": "Joyy Inc. (YY)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-11-18 00:00:00",
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  "notes": "The slide uses a red box to highlight a specific discrepancy in 'Long-term deposits'.",
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      "text": "Furthermore, we believe YY either transferred roughly RMB 1.326 billion to its WFOEs—the majority of which would have been transferred to its offshore WFOEs illegally—, or the cash simply does not exist.",
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      "text": "cash balance: RMB 1.298 billion",
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      "text": "Furthermore, we believe YY either transferred roughly RMB 1.326 billion to its WFOEs—the majority of which would have been transferred to its offshore WFOEs illegally—, or the cash simply does not exist.",
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      "kind": "source-note",
      "text": "*: Huaduo, the major VIE at LUSH holds investment to its subsidiaries, the balances after elimination would be close to SEC filings",
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      "kind": "title",
      "text": "Comparison of Balance Sheets: Chinese Credit Reports (SAIC) vs. SEC",
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