Alibaba Acquires South China Morning Post

Alibaba Acquires South China Morning Post

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The South China Morning Post and other media resources of SCMP Group  has been acquired by Alibaba group for $266 million. And now the agreement is raising a question of editorial independence.

Further reporting to the  Hong Kong stock exchange on Monday, SCMP group pointed out an ‘’uncertain’’ future for ordinary print publishing as an important reason behind the sale. They added that Alibaba would  have the capacity to ‘’unlock greater worth’’ from the business.

At a time of increasing concern over Beijing’s control over China’s most free-wheeling city, the Chinese Billionare Jack Ma go for a liquid cash purchase of the 112 years aged English newspaper from Malaysian business tycoon Robert Kuok.

The South China Morning Post, considered as the leading English-language newspaper of Hong Kong reports on issues and subjects which are viewed much sensitive in the region, where the international media websites are blocked.

James sung, a political analyst of the City University of Hong Kong said that it would be interesting to saw if the existing reporters and editorial staff would like to stay and it is worth watching.

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