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Aggregated China Business Blogs
Alibaba To Acquire SCMP Group For $265.8M
Aggregated Source: China Money Network
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 […]


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