CEU - look at p. 10 of their report. Everything you have found is consistent with what they claim. They show that CEU spiked starting in the Spring of 2010, and that it overtook CEDU. Everything before that, however, is basically a ghosttown for CEU.
When they made the Alexa claim, they weren't talking about traffic for the last 3 months. That's what your link showed--traffic for the last 3 months. They were talking about traffic up to the Spring of 2010--which was non-existant. They claim the recent traffic jump is manipulation (shaky claim IMO, but what else is the explanation for the prompt jump?).
Seriously, you guys need to read the report before you try to develop a defense.
Look at the last 3 months. CEU comes in at roughly one fourth the traffic of chinaacc.com, which is the website for DL.
That checks. chinacc.com is ranked 421, 4 times higher than CEU.
So their graph on p. 10 clearly checks with the data.
The problem is that CEU claims much higher revenues than DL in both 2009 and 2010. In 2009, the traffic is infinitely higher for DL, in 2010, at least the last few months, it's four times higher. Though there may be an explanation, the discrepancy does raise questions.
The other traffic source they used reveals essentially the same results.
Also, look at the subsidiary sites, 360ve.com and pk1234567.com. They have non-existent traffic, ranked deep in the millions, or "no data."
I'm not saying Kerrisdale is necessarily right in the fraud claim (though I definitely lean that way after having thoroughly read the report). So you should definitely keep looking for holes. But I don't think you caught their argument.
The shaky part of their argument is the claim that the jump in traffic in the spring was manipulation. There may be an explanation that they are missing.
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