13.12.2015 - 11:29 [ TechInAsia ]

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

China’s Alibaba confirmed moments ago that it has “entered into a definite agreement to acquire” the struggling Hong Kong-based newspaper 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.