Asia Pacific: HK’s new tycoon

Author: | Published: 25 Jan 2016

Is Alibaba's Jack Ma replicating Amazon's Jeff Bezos' successful Washington Post buyout in Asia? Or is it merely a pipedream?

Nasdaq-listed Alibaba took an unprecedented step late last year, announcing its $266m acquisition of the 112-year-old South China Morning Post (SCMP). It's an ambitious move, and it sent ripples across Hong Kong's media industry.

The news came as the SCMP, a subsidiary of its listed parent group, was struggling to...