CHINA-HONGKONG: CHINESE GOVERNMENT-OWNED BAUHINIA CULTURE (HONGKONG) HOLDINGS IS NEGOTIATING PURCHASE OF HONGKONG'S SOUTH CHINA MORNING POST
The Chinese government-owned Bauhinia Culture (Hong Kong) Holdings Ltd. is negotiating
with Alibaba Group Holding Ltd. the acquisition of Hong Kong’s influential South China
Morning Post. Bloomberg News had reported in March that Alibaba has come under pressure
from the Chinese government to divest some of its media assets, including SCMP.
(Comment: Bauhinia Culture (Hong Kong) Holdings Ltd. is owned by The Liaison Office --
the Chinese government’s main office in the former British colony -- via its Sino United
Publishing Holdings Ltd. unit. Its General Manager and Chairman are Wen Hongwu exSecretary General of the Liaison Office, and Mao Chaofeng, former Executive Vice Governor
of China’s Hainan province.)
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