Alibaba Founder Bids to Enter Newspaper Business

Bloomberg: Alibaba founder Jack Ma is said to be in talks to buy a stake in the publisher of Hong Kong’s South China Morning Post, in what could make him the latest Internet-industry tycoon to pursue the revival of a traditional newspaper. Alibaba’s Ma would be following in the footsteps of Amazon’s Jeff Bezos — who bought the Washington Post in 2013 — among Internet tycoons snapping up storied brands at a time printed media struggles to compete with web-based competitors for advertising.