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Tim Culpan and Christopher Langner

Alibaba's Greek Tragedy

While skeptics have scored a victory, the e-commerce giant still has plenty of believers.

You've got to feel for all those Alibaba bears. For quite a while now, skeptics have been ringing alarm bells over the Chinese internet company's accounting. Essentially, their concerns could be summarized as: The numbers look too good to be true.

Investors haven't been listening. Playing a role as one of the chief Cassandras in this drama has been Anne Stevenson-Yang, the co-founder of J Capital Research.