Hong Kong’s South China Morning Post up for sale


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.