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NQ Mobile's shares plunge after Muddy Waters attack

By Shen Jingting | China Daily | Updated: 2013-10-26 08:04

Unexpected things happen to US-listed Chinese companies from time to time.

As mobile security company NQ Mobile Inc was getting ready set to celebrate its eighth birthday in Beijing on Friday, it found itself under a huge attack by US short-selling firm Muddy Waters LLC.

NQ Mobile's market capitalization was almost halved when its shares traded on the New York Stock Exchange on Thursday.

NQ Mobile's shares plunge after Muddy Waters attack

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