this Friday, the Alibaba announced the acquisition of Hongkong English media "South China Morning Post". According to New York Times reported that the transaction price of about $100 million.

Sina

technology news Beijing time on December 12th morning news, on Friday, the Alibaba announced the acquisition of Hongkong English media "South China Morning Post". According to New York Times reported that the transaction price of about $100 million.

acquisition of the "South China Morning Post" with the board of directors of Alibaba chairman Ma Yun’s ideal. In recent years, Alibaba is developing financial, film, online video and social media market. The company has acquired a number of Chinese domestic media, but also recently acquired a wholly owned Youku potatoes.

Shanghai venture capitalists, become fund Li Shimo assist Alibaba completed the SCMP group of media asset acquisition. Li Shimo was also an early investor youku. He said that the acquisition of Alibaba "South China Morning Post" will give the newspaper a unique and powerful advantage for a global audience of Chinese more diversified, more realistic perspective. (Wei Jin)