Alibaba Group Holding Limited has agreed to acquire the South China Morning Post and other assets of SCMP Group Limited for HK$2.06 billion (US$265.8 million), according to an announcement. Reports about the deal emerged previously, but official confirmation arrived on Friday. "The South China Morning Post is unique because it focuses on coverage of China […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.