Chinese social media platform Tian Ge listed on the Hong Kong Exchange (HKEx) in 2014. In August 2017, it was attacked by short-seller Emerson Analytics alleging that it was faking its sales and profits. The report failed to prompt any board or auditor resignations. However, our analysis of its FY16 financials suggested traits similar to past frauds. In addition, like so many other companies accused of fraud, Tian Ge's financial performance markedly deteriorated shortly after the allegations were made, prompting a share price collapse. As such, although the allegations remain unproven, suspicisions persist. 

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