In addition to yesterdays posting about Alibaba, I like to point to a posting on "China Accounting Blog" (which is anyhow always a good source of information for all accounting matters related to China): "BABA v the SEC".
There are three issues at hand, all described by Paul Gillis:
The first relates to consolidation policies and practices (including accounting for Cainiao Network as an equity method investee).
The second issue is related party transactions. BABA certainly has plenty of them and they have been a major concern for shareholders, especially since Alipay was taken out of the BABA structure.
The third issue relates to the reporting of operating data from singles day (November 11, the biggest online commerce day of the year in China).
Regarding the third issue I also refer to an old posting.