epa05065768 Copies of the South China Morning Post (SCMP) sit on a newspaper rack in Hong Kong, China, 12 December 2015. Alibaba Group, China's e-commerce giant, has bought the South China Morning Post and all other media assets from the SCMP Group. EPA/JEROME FAVRE
BEIJING: Alibaba Group Holding Ltd has agreed to buy Hong Kong's flagship English-language newspaper, the South China Morning Post (SCMP), in the most politically sensitive acquisition by the e-commerce giant to date.
Alibaba and SCMP Group Ltd announced on Dec 11 that the Hangzhou-based company would buy the 112-year-old newspaper and other media properties for an undisclosed amount.
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