Chinese billionaire Jack Ma bought a famous newspaper perhaps $ 300 million

Chinese Internet giant Alibaba's billionaire Jack Ma is buying prominent Hong Kong newspaper South China Morning Post SCMP Group shares worth 266 million US dollars. According to the newspaper published on Monday. But the purchase makes the environment generally worried that the newspaper would lose its independence due to contact Jack Ma close ties with Beijing. Apart from this English-language newspaper China Alibaba holdings and magazines SCMP Group. However, have raised concerns the company Alibaba as well as billionaire Jack Ma has promised This newspaper will remain independent and further enhance technology skills. Ma followed behind Amazon founder Jeff Bezos, who bought the Washington Post newspaper, worth $ 250 million in 2013. South China Morning Post, founded in 1903, but profit and sales in recent years, fell as newspapers in other countries due to the tendency of reading online newspapers. 

Sources: BBC, Bloomberg