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CapitalWatch Accuses AppLovin of Criminal Ties, Company Denies

1/28/2026

Summary

Story summary

CapitalWatch launched its fourth major short-seller attack against AppLovin, calling it a "digital laundromat" for crime.
AppLovin sent a cease and desist letter, calling the claims defamatory and baseless.
The report linked Hao Tang, an AppLovin shareholder, to Chen Zhi of the Prince Group, designated a Transnational Criminal Organization by the United States Treasury.
AppLovin rejected the allegations and said it operates within a compliant framework with robust internal controls.

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Story summary

CapitalWatch launched its fourth major short-seller attack against AppLovin, calling it a "digital laundromat" for crime.
AppLovin sent a cease and desist letter, calling the claims defamatory and baseless.
The report linked Hao Tang, an AppLovin shareholder, to Chen Zhi of the Prince Group, designated a Transnational Criminal Organization by the United States Treasury.
AppLovin rejected the allegations and said it operates within a compliant framework with robust internal controls.