alibaba to pay 266m for hong kongs scmp newspaper
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Alibaba to pay $266m for Hong Kong's SCMP newspaper

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Emiratesvoice, emirates voice Alibaba to pay $266m for Hong Kong's SCMP newspaper

China economy
Hong Kong - Arab Today

Chinese internet giant Alibaba will pay HK$2.06 billion (US$265.8 million) for Hong Kong's South China Morning Post, the paper said in a statement to the city's stock exchange.

Alibaba "has agreed to purchase the media business of the (SCMP) Group for a cash consideration of HK$2,060,600,000," the statement to the Hong Kong Stock Exchange said.

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