www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Alibaba film unit finds possible accounting issues

(Agencies) Updated: 2014-08-15 15:09

Alibaba film unit finds possible accounting issues

An employee is seen behind a glass wall with the logo of Alibaba at the company's headquarters on the outskirts of Hangzhou, Zhejiang province, April 23, 2014. [Photo/Agencies]

HONG KONG - The recently acquired film unit of Chinese e-commerce giant Alibaba said Friday that a review has uncovered possible accounting irregularities.

The disclosure by Alibaba Pictures Group comes as its parent company readies for what's expected to be a mammoth initial public offering in New York next month.

Alibaba Pictures said in a statement to the Hong Kong stock exchange that a new management team found "certain possibly non-compliant treatment of financial information" in the company's accounts. As a result, it is delaying the release of its first-half earnings.

Alibaba film unit finds possible accounting issues
Alibaba's stake in Snapchat may buoy mobile portfolio 

Alibaba film unit finds possible accounting issues

Alibaba's Ma and Ma's private equity firm 

The company said the accounting irregularities date to before Alibaba's purchase of the company in June.

Alibaba has made a slew of other recent acquisitions, including the purchase of a 50 percent stake in China's most popular soccer team, Guangzhou Evergrande.

The film business said the discrepancies mean it's likely that there has been "insufficient provision for impairment of certain assets" in the January-June period. That could mean the company has valued assets at more than they are worth.

An audit committee is investigating whether it would affect the company's previous financial reports. Shares of Alibaba Pictures have been suspended from trading until further notice.

Alibaba bought 60 percent of the film company, previously known as ChinaVision Media Group, for more than $800 million as part of its push into online content. The film company said in July it has signed development deals with "leading movie producers and directors" including Wong Kar-wai, director of films including "The Grandmaster" and "In The Mood for Love."

While little known in the United States, Alibaba is an e-commerce powerhouse that earns more than Amazon.com Inc and eBay Inc combined.

The company, whose IPO could top the $16 billion raised by Facebook two years ago, has helped drive the rise of e-commerce in China and is now expanding into other businesses amid intensifying competition among the country's Internet companies.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 免费精品久久久久久中文字幕 | 成人久久在线 | 美女张腿男人桶免费视频 | 亚洲国产日韩欧美 | 女人被男人躁得好爽免费文 | 久香草视频在线观看免费 | 97国产免费全部免费观看 | 手机在线观看a | 国产黄色片网站 | japanese色系tube护士 | 久久久一本精品99久久精品66 | 一级a俄罗斯毛片免费 | 日本一极毛片兔费看 | 一级成人a免费视频 | 免费国产视频在线观看 | se94se最新网站 | 亚洲乱码国产一区网址 | 午夜在线播放免费人成无 | 国产精品自拍一区 | 欧洲做人爱c欧美 | 一级一片一_级一片一 | 欧美自拍视频在线 | 久久有这有精品在线观看 | 99久久国产综合精品成人影院 | 免费大片黄手机在线观看 | 久久精品视频一区二区三区 | 韩国福利影视一区二区三区 | 久久综合久久久 | 午夜看片网站 | 波多野结衣一区在线观看 | 欧美日本一区二区三区道 | 成人三级做爰在线观看男女 | free性chinese国语对白 | 国产成人91精品 | 成人精品在线观看 | 日韩欧美一区二区三区不卡在线 | 日韩一级视频在线观看播放 | 免费a网址 | 99re66热这里只有精品免费观看 | 久久99久久精品国产只有 | 久久精品久久精品久久精品 |