Tags: South China Morning Post
Alibaba Ventures into the Print Media Business Buying The South China Morning Post For Around $262 million
The SCMP Group finally closed the deal with Alibaba at a whopping US$262 million approximately. After many rounds of rumors, the Chinese company has announced that Alibaba has agreed to venture into the news business acquiring The South China Morning Post. This Hongkong based newspaper and the other assets of the SCMP Group including the Elle and Esquire sister concern publications and websites will cost Alibaba a big sum of more than $2 million.
Alibaba's Jack Ma eyes South China Morning Post
Alibaba founder Jack Ma is planning to venture into the publishing sector as news circulated that the e-commerce tycoon will be buying some stake in Hong Kong's South China Morning Post.
Tiny Hong Kong shop sells for $23M
A 12-square-meter shop located at the center of Causeway Bay in Hong Kong sold for over $23 million (A$25.56 million), surpassing the previous record of the most expensive retail store sold.
Tiger Woods calls it quits at the Honda Classic due to back pain
Tiger Wood had withdrawn his game from the Honda Classic following lower back pains he felt during the game, reported the South China Morning Post.