Decoding: Is Jack Ma the Rupert Murdoch of China?
Last Year China’s e-commerce giant Alibaba announced to buy Hong Kong’s oldest English newspaper the South China Morning Post (SCMP) and other media properties for an undisclosed amount.
People related to tech and e-commerce world was surprised on this move. Many were asking questions on motive of acquisition?
But People very close to Jack Ma said, Ma’s ambition to explore the media business is strategic. His e-commerce empire has seen him invest in the media sector and he has publically spoken about his interest in the sector. Jack Ma knows clearly why American and other European companies rule over the world? Reason is Media. So why not invest in it to sustain your power.
Jack Ma recently told Bloomberg TV during an interview in November that Alibaba needs the media to promote SME...