Alibaba’s media empire grows, acquires struggling South China Morning Post

The newspaper was founded in Hong Kong in 1903. Photo credit: Canadian Pacific.

China’s Alibaba confirmed moments ago that it has “entered into a definite agreement to acquire” the struggling Hong Kong-based newspapaer the South China Morning Post (SCMP). It includes all the assets of the SCMP Group, which includes stakes in some web startups. The financial terms are not disclosed.

“The South China Morning Post is unique because it focuses on coverage of China in the English...

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