On December 11th, Alibaba announced the acquisition of Hong Kong’s South China Morning Post", take the Alibaba’s Internet advantage and the "South China Morning Post" the editorial advantage together to create a opportunity let English can know about China. The acquisition is the SCMP Group (SEHK: 0583) of its media assets, including the "South China Morning Post," the paper editions, online editions, magazines and outdoor media business.
Alibaba committed to building a future business infrastructure. Build up the electricity supplier, payment, logistics, cloud computing and other business platforms in 16 years, serving Chinese business community, and extend to the world. And now, on China's economic and commercial high-quality content products, it has increasingly become a global business infrastructure, especially for SMEs. AliBaba realized that should be combined with high-quality news gathering and efficient Internet communication platform to meet the needs of China and the global business community.
Executive vice president of Alibaba, Caichong Xin said: ""South China Morning Post "unique place that she reported in English focused on any one of China would like to know China - the world's second largest economy, people are concerned about such reports. Our vision is through the advance of Alibaba in the digital age, let more people can easily read "South China Morning Post" content , help the media to get a global audience, and establish a global influence. "
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