Hong Kong’s South China Morning Post up for sale

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The publisher of Hong Kong’s South China Morning Post (SCMP) has confirmed that it is in talks to sell the popular English-language newspaper. In a filing to the Hong Kong Stock Exchange, the SCMP Group said it has received a "preliminary approach" from a third party to purchase its media assets, including the newspaper.
It is believed that the bid come from e-ecommerce giant Alibaba is the bidder.  Sources said that the Chinese tech giant, led by Jack Ma, was discussing buying the century-old newspaper to expand its business into the media sector. This would be a similar move to Amazon – a major competitor of Alibaba which took over the Washington Post in 2013.