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Remark Holdings rejects 'false' claims by J Capital Research

Remark Holdings Inc. dismissed "false" allegations made by J Capital Research analyst Anne Stevenson-Yang in a report.

The report had made a series of statements regarding the company, its investments in KanKan technology and regarding its partnerships with Alibaba Group Holding Ltd., Tencent Holdings Ltd., and other Chinese companies in the fourth quarter of 2016.

KanKan provides private cloud services for customers, as well as public cloud services on Alibaba Cloud, the company said Feb. 7. Also, the company questioned the tract record of J Capital Research and the credentials of Stevenson-Yang.

In a statement, Kai-Shing Tao, chairman and CEO of Remark Holdings, said the claims are "completely false and unsubstantiated."