Everyone Knew This Was Coming |
The South China Morning Post was once the world’s most
profitable newspaper. While its salad days are long gone, it still represents a
beacon of independent news coverage and opinion within China. That may be about
to change.
It looks increasingly like Alibaba.com
magnate Jack Ma will be purchasing the newspaper. While some have compared
the move to the
effort by Amazon’s Jeff Bezos’ to save the Washington Post, Ma’s interest
in purchasing the paper is likely as a favor to the Chinese government, in
exchange for easing
Ali Baba’s transition into financial services. Former SCMP editor Willly
Lam is not optimistic about the paper’s direction:
That said, the SCMP has been gradually moving towards a
sympathetic view of the Chinese Communist Party for a while now; some say this
started after the paper’s Malaysian owner, Robert Kwok, fired Lam in 2000:
But the Communist Party's remolding of Hong Kong will still have consequences. If the acquisition turns out to be yet another move to change the complexion of Hong Kong society, it
will likely only increase the likelihood that the coming Taiwan elections have an unwelcome result for the Mainland.
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