By  on August 15, 2014

HONG KONG (Reuters)— A media firm Alibaba Group Holding Ltd recently bought said on Friday a review of its finances revealed possible accounting irregularities, casting doubts about the Chinese e-commerce giant's due-diligence as it prepares for a U.S. initial public offering.

The announcement by Alibaba Pictures Group Ltd comes less than two months after Alibaba Group completed its $804 million purchase of a 60 percent stake in the film and TV production company once known as ChinaVision Media Group Ltd.

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