Accounting Issues At Chinese Film Company Could Hinder Alibaba IPO

The topic of hedge funds financing the film industry and accounting in Chinese companies has generated the same basic thought in certain trading circles: Such speculative investments are not only dependent on the venture gaining popular favor to succeed, but if successful they require significant accounting attention to make sure investors are properly compensated. Alibaba internally reviews “suspicious” accounting That old school wisdom is getting a workout today as Chinese e-commerce giant Alibaba internally reviews “suspicious” accounting from a Hong Kong film production it acquired for $800 million.  According to a report in the New York Times, the news may…