scmp news and archive

Shares in Hong Kong paper's owner surge on Alibaba rumour

Shares in the owner of Hong Kong-based newspaper Ming Pao shot up Thursday on rumours that Chinese Internet giant Alibaba was in talks to buy it, days after it snapped up the city's South China Morning Post. The report of the potential buyout came as fears grow that China is trying to influence the city's media in the wake of pro-democracy...

Business

Alibaba's Jack Ma in bid for Hong Kong newspaper

The founder of Chinese e-commerce giant Alibaba is in talks to buy a stake in the publisher of Hong Kong's South China Morning Post newspaper, Bloomberg News reported Monday. Discussions are at an advanced stage, it quoted two unidentified people familiar with the matter as saying. A signing ceremony will be announced soon, one of them said. If...