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Alibaba to pay $266 million for Hong Kong`s SCMP newspaper

Chinese Internet giant Alibaba will pay HK$2.06 billion (US$265.8 million) for Hong Kong`s South China Morning Post, the newspaper said in a statement to the city`s stock exchange.

Internet giant Alibaba to buy South China Morning Post

Internet giant Alibaba to buy South China Morning Post

Chinese internet giant Alibaba said Friday it would buy Hong Kong's South China Morning Post, following weeks of speculation over the future of the English- language newspaper.

Jack Ma`s South China Morning Post takeover a double-edged sword

Jack Ma`s South China Morning Post takeover a double-edged sword

Chinese Internet tycoon Jack Ma`s mooted buyout of Hong Kong`s struggling South China Morning Post could see the paper prosper from his Midas touch, analysts say, but also further erode its independence and with it the city`s press freedoms.

Alibaba boss Jack Ma in bid for Hong Kong newspaper: Bloomberg

Alibaba boss Jack Ma in bid for Hong Kong newspaper: Bloomberg

If the deal goes ahead, Alibaba founder Jack Ma would become the latest Internet tycoon to step in to take over a traditional newspaper.

All suspects in Hong Kong kidnap case arrested: Reports

Chinese police nabbed five remaining suspects who fled from Hong Kong with millions in ransom money after a kidnap, reports said late Tuesday, a day after the arrest of another suspect in the case.

Hong Kong police hunt kidnappers who fled with `millions`

Hong Kong police were hunting for up to six men who kidnapped a woman then reportedly fled with millions in ransom after their hostage was rescued, authorities said Wednesday.

China launches probe against Microsoft, orders raids

China has placed US technology giant Microsoft under investigation while officials today conducted raids on its offices in four cities.

Finnish man in Hong Kong court after midair `chocolate sword threat`

A Finnish passenger accused of making a hoax bomb threat on a Cathay Pacific flight wielded a chocolate bar like a sword and demanded that the plane be diverted so he could attend the Winter Olympics, a report said Friday.

US hacks Chinese mobile phone messages: Snowden

The United States government hacks Chinese mobile phone companies to gather millions of text messages, former CIA agent Edward Snowden said.

China shuts online fan club for new first lady

An online fan club devoted to Peng Liyuan, the increasingly popular wife of new President Xi Jinping, was shut down by authorities, the South China Morning Post said.