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Chinese livestreamer JOYY hit by accounting fraud allegations

Revelation comes after Baidu announced plan to buy YY Live arm

Nasdaq-listed Chinese livestreaming company JOYY denies allegations of accounting fraud at its domestic business YY Live (Screenshot from JOYY's website).

BEIJING -- Chinese livestreaming company JOYY has been hit by allegations of accounting fraud almost immediately after receiving a takeover bid from Chinese search engine Baidu for its domestic business, YY Live.

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