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December 14, 2015 05:07 am GMT
Alibaba has jumped into the news business after the Chinese company confirmed on Friday that it has agreed to acquire the South China Morning Post (SCMP). The Hong Kong-based newspaper and SCMP Group’s other assets, which includes local editions of Esquire and Elle, will cost Alibaba a little over HK$2 billion — around US$262 million — according to a regulatory filing. Read More 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/c7qvNqJYVIA/
Alibaba Confirms It Is Buying The South China Morning Post For $262M
Alibaba has jumped into the news business after the Chinese company confirmed on Friday that it has agreed to acquire the South China Morning Post (SCMP). The Hong Kong-based newspaper and SCMP Group’s other assets, which includes local editions of Esquire and Elle, will cost Alibaba a little over HK$2 billion — around US$262 million — according to a regulatory filing. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/c7qvNqJYVIA/
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