Tuesday, November 24, 2015

Alibaba In Discussions To Buy Controlling Stake In Hong Kong's SCMP Group

Chinese Internet giant Alibaba Group Holding Ltd. is in discussions to buy a controlling stake in Hong Kong’s SCMP Group Ltd., according to a person familiar with the situation, in a deal that would put the largest local English language newspaper in the hands of a mainland Chinese company.

from WSJ.com: US Business http://ift.tt/1LxBs5p
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