China E-commerce Giant Alibaba Buys Up Newspaper
In a move reminiscent of Jeff Bezos' acquisition of The Washington Post, e-commerce giant Alibaba is buying an English-language newspaper. But why?By Ethan Weston | December 11, 2015
The South China Morning Post — the top English-language newspaper in Hong Kong — was bought Friday by Alibaba.
But why would one of the world's largest e-commerce companies want to buy a newspaper? (Video via YouTube / epSos.de)
One of its goals seems to be to countering what it sees as a bias against China in Western media — bias it claims affects its stock prices on the New York Stock Exchange.