Tag Archives: South China Morning Post

Alibaba acquires the South China Morning Post

The publishing world is abuzz over the purchase of Hong Kong’s iconic newspaper the South China Morning Post (SCMP) by Chinese ecommerce giant Alibaba. The $266 million deal includes the 112-year-old English-language newspaper and other media properties such as outdoor advertising, digital assets and magazines. According to analysts, the acquisition of SCMP is a political move. By owning SCMP, Alibaba aims to improve and reshape the image of China, directly addressing what it calls the “wrong” portrayal of their home country in Western media. In short, the acquisition is about making China look good in the eyes of Western readers. Although the newspaper is not covered by China’s strict censorship rules, the acquisition will most likely heighten self-censorship, specially on controversial political issues.