The South China Morning Post, Hong Kong’s historic English-language daily newspaper, has received a preliminary takeover offer, with speculation that Jack Ma, the founder of Chinese ecommerce group Alibaba, is a possible buyer.
Rumours about Mr Ma acquiring the 112-year-old newspaper have been swirling since the China Daily, Beijing’s English language mouthpiece, reported earlier this month that the billionaire was eyeing the SCMP.
The SCMP confirmed late on Wednesday that it had received an early-stage offer but it declined to name the bidder.
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