Jason Jiang Hits Back

Adrian J Cotterill, Editor-in-Chief

Jason Jiang, Chairman and CEO of Focus Media hit back in the early hours of Tuesday morning against accusations of fraud levelled at his business by (aptly named?) Muddy Waters.

“Why isn’t anyone suing these short sellers who are just spreading malicious rumors everywhere?” he wrote on his Weibo account (Weibo is described by the UK’s Grauniad newspaper as ‘The Chinese Twitter that dwarfs Twitter‘).

“These people should be punished according to the law!!!”

We await the promised statement rebutting Muddy Waters’ claims later today.

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