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Chinese State Firm Weighs Bid to Take Over SCMP From Alibaba

  • Bauhinia owned by government’s Liaison Office in Hong Kong
  • Alibaba under pressure from Beijing to shed media properties
SCMP Newspapers As China Presses Alibaba to Sell Media Assets
Photographer: Lam Yik/Bloomberg

A company owned by the Chinese government is working on an offer to acquire Hong Kong’s influential South China Morning Post, according to people familiar with the matter.

Bauhinia Culture (Hong Kong) Holdings Ltd. is interested in a deal with Alibaba Group Holding Ltd. that would see the city’s most prominent English-language newspaper join its stable of media properties, the people said, asking not to be identified as the information is private.