Alibaba Pictures mis-stated tax due to weak controls, says PwC

Alibaba Pictures Group, a movie company acquired by Alibaba Group this year, mis-stated its tax reports and convertible bonds due to weak internal controls, according to an independent analysis by the Shanghai branch of PricewaterhouseCoopers Business Consulting (PwC).

via South China Morning Post - Business feed http://ift.tt/1B5ecsG