Alibaba to Buy South China Morning Post for $266 Million

Updated on
  • Founder Jack Ma to follow Bezos in buying storied masthead
  • Alibaba pledges to ensure editorial freedom, scrap pay wall

Alibaba to Buy South China Morning Post for $266M

Alibaba Group Holding Ltd., the e-commerce giant headed by billionaire Jack Ma, agreed to buy Hong Kong’s South China Morning Post and other affiliated media assets for HK$2.06 billion ($266 million).

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