http://www.alibabagroup.com/en/news/press_pdf/p180201.pdf
They're finally taking that 18bn RMB write-off on Alibaba pictures! Looks like they're cleaning up a bit of the dubious accounting on their books. What a sigh of relief it must have been for their CFO that this write-off coincides with a 22bn RMB non-cash gain on the revaluation of Cainiao!
Submitted February 02, 2018 at 06:09AM by JustAsIgnorantAsYou http://ift.tt/2FBmAbC
