Propaganda Won't Pay for Alibaba
Late Friday night, Alibaba’s Jack Ma joined Amazon’s Jeff Bezos as the latest tech billionaire to acquire his own newspaper, by purchasing Hong Kong’s South China Morning Post for $266 million. The paper is the semi-autonomous city-state’s most influential English-language news outlet, as well as a longtime thorn in the side of the Chinese regime. That would appear to pose a problem for Alibaba, which thrives in part because of its good relations with the government.
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