Friday, August 15, 2014

Alibaba uncovers accounting issues in new film division

HONG KONG, August 15 – A film production unit recently purchased by Chinese e-commerce giant Alibaba suspended trading of its stock Friday after the discovery of possible accounting inconsistencies. Alibaba Pictures, formerly ChinaVision Media Group, has said the possible irregularities happened before Alibaba’s purchase of a 60 percent stake in the film production firm in […]

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