Alibaba buys newspaper to ‘improve China’s image’

Chinese e-commerce giant Alibaba has confirmed that it’s agreed to buy Hong Kong English-language newspaper “South China Morning Post”, similar to Amazon CEO Jeff Bezos’s $250 million buyout of The Washington Post. The deal is worth just over HK$2 billion, or about $266 million, and includes other SCMP Group properties like the Hong Kong editions […]

14 December , 2015Comments Off on Alibaba buys newspaper to ‘improve China’s image’Read More