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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Paris - Al Maghrib Today
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