Perhaps Jeff Bezos started a trend two years ago when the Amazon founder acquired the Washington Post. Chinese e-commerce giant Alibaba announced today that it has acquired the South China Morning Post and other assets of SCMP Group Limited. “The South China Morning Post is unique because it focuses on coverage of China in the English language,” Alibaba Executive Chairman Joe Tsai said in a statement. “This is a proposition that is in high demand by readers around the world who care to understand the world’s second largest economy. Our vision is to expand the SCMP’s readership globally through digital distribution and easier access to content.” The… Read More
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