Alibaba's Jack Ma in talks for stake in SCMP publisher - Bloomberg

Great Wall Pan Asia Holdings

23/11/2015 09:28

SHANGHAI, Nov 23 (Reuters) - Jack Ma, founder and executive 
chairman of Alibaba Group Holding Ltd  BABA.N , is in talks to 
buy a stake in the publisher of Hong Kong's South China Morning 
Post, Bloomberg reported on Monday citing unidentified sources 
familiar with the matter. 
    Bloomberg said the discussions were at an advanced stage and 
a signing ceremony would be announced soon. It did not give 
financial details of the deal. 
    An Alibaba spokesman declined to comment. SCMP officials 
were not immediately available for comment. 
 
 (Reporting by Jacqueline Wong; Writing by John Ruwitch; Editing 
by Kazunori Takada) 
 ((john.ruwitch@thomsonreuters.com; +86 21 6104 1786; Reuters 
Messaging: john.ruwitch.thomsonreuters.com@reuters.net)) 
 
Keywords: ALIBABA SCMP/