Figures amount to a painful house cleaning exercise and a demonstration of the hazards of doing business in Chinese film.
Multiple mistakes and misstatements occurred before acquisition by e-commerce giant Alibaba, to hit profits and asset value.
Alibaba Pictures Group has appointed independent auditors to probe the company's accounts.
Impact on $150 billion IPO of Chinese home shopping giant unclear.
IPO-bound Chinese e-commerce giant also attaches top director Peter Chan and Internet-sensation Giddens Ko
IPO-bound Chinese e-commerce giant further expands entertainment labels.
As China's e-commerce giant seeks a $150 billion flotation it is building an array of video and internet options and moving upstream into content.
MUMBAI - Mainland Chinese e-commerce giant Alibaba is to pay HK$6.24 billion ($805 million) for a controlling stake in Hong Kong-listed Chinese film and TV producer Chinavision. News of the deal sent…