Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Anusuya Lahiri

Alibaba Hunts For New SCMP Chief As It Devotes Former Chief To NFT Spinoff

BABA (Organization) Alibaba SCMP China NYSE South China Morning Post

Alibaba Group Holding Ltd (NYSE:BABA) owned South China Morning Post is on a CEO hunt, Bloomberg reports.
The move coincided with Alibaba weighing options for media assets, including SCMP.
Alibaba dedicated SCMP chief Gary Liu to running a spinoff to turn artwork into non-fungible tokens.
Also Read: Alibaba Launches New NFT Marketplace: What You Need To Know
Liu will run SCMP pending the appointment of a new chief.
Bauhinia Culture (Hong Kong) Holdings Ltd had expressed interest in acquiring SCMP, while Alibaba clarified that it did not look to sell its most vital media property.
In 2021, China’s top economic planner proposed to bar private capital from news operations following Alibaba’s controversial handling of a scandal involving one of its executives.
Price Action: BABA shares traded higher by 24.3% at $95.42 on the last check Wednesday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Nicaraguan Parliament Approves Constitutional Reform Granting More Power To President

Nicaraguan Parliament Approves Constitutional Reform Granting More Power To President

Nicaragua's constitutional reform raises concerns over democracy and human rights due to increased presidential authority.

Tennessee Man Avoids Prison In Young Dolph Murder Case

Tennessee Man Avoids Prison In Young Dolph Murder Case

Jermarcus Johnson sentenced to probation for aiding killers in aftermath of rapper Young Dolph's murder. Case reveals complexities of music industry feuds.

Homeowner Killed by Cop After Calling to Report Break-In Predicted His Own Death on 911 Call: 'I Don't Think I'll Be Alive'

Homeowner Killed by Cop After Calling to Report Break-In Predicted His Own Death on 911 Call: 'I Don't Think I'll Be Alive'

A Las Vegas homeowner shot to death in his own home by cops previously told dispatchers while reporting a break-in in a 911 call, "I don't think I'll be alive."

California case is the first confirmed bird flu infection in a US child

California case is the first confirmed bird flu infection in a US child

Health officials are confirming bird flu in a California child — the first reported case in a U.S. minor

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Putin says Russia will use experimental missile again after Ukraine strike

Putin says Russia will use experimental missile again after Ukraine strike

Ukrainian president calls testing of nuclear-capable weapon on his country’s territory an ‘international crime’

The Guardian - UK

Ice could add 600 beds to New Jersey detention center, documents show

Ice could add 600 beds to New Jersey detention center, documents show

ACLU obtains documents showing agency’s effort to expand state’s detention capacity for undocumented immigrants

The Guardian - US

Related Stories

Top stories on inkl right now

Nicaraguan Parliament Approves Constitutional Reform Granting More Power To President

Nicaraguan Parliament Approves Constitutional Reform Granting More Power To President

Nicaragua's constitutional reform raises concerns over democracy and human rights due to increased presidential authority.

Tennessee Man Avoids Prison In Young Dolph Murder Case

Tennessee Man Avoids Prison In Young Dolph Murder Case

Jermarcus Johnson sentenced to probation for aiding killers in aftermath of rapper Young Dolph's murder. Case reveals complexities of music industry feuds.

Homeowner Killed by Cop After Calling to Report Break-In Predicted His Own Death on 911 Call: 'I Don't Think I'll Be Alive'

Homeowner Killed by Cop After Calling to Report Break-In Predicted His Own Death on 911 Call: 'I Don't Think I'll Be Alive'

A Las Vegas homeowner shot to death in his own home by cops previously told dispatchers while reporting a break-in in a 911 call, "I don't think I'll be alive."

California case is the first confirmed bird flu infection in a US child

California case is the first confirmed bird flu infection in a US child

Health officials are confirming bird flu in a California child — the first reported case in a U.S. minor

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Putin says Russia will use experimental missile again after Ukraine strike

Putin says Russia will use experimental missile again after Ukraine strike

Ukrainian president calls testing of nuclear-capable weapon on his country’s territory an ‘international crime’

The Guardian - UK

Ice could add 600 beds to New Jersey detention center, documents show

Ice could add 600 beds to New Jersey detention center, documents show

ACLU obtains documents showing agency’s effort to expand state’s detention capacity for undocumented immigrants

The Guardian - US

Our Picks

'Squid Game' showrunner teases 'more intriguing games' for season 2 of the Netflix hit

Plus, what's in store for fans when 'Squid Game' season 3 drops in 2025

Ellen DeGeneres embraces fresh start in England with bold new look

DeGeneres was seen with a brand new hairstyle while spending time in Jeremy Clarkson’s pub in the Cotswolds

The Independent UK

“People have used it as their wedding song. I often think, ‘Hey, did you listen to the lyrics?’”: The classic number one hit with a sting in its tail

And with the money it made, the band bought an oil well!

Mystery chemical in drinking water identified after 40 years—and nobody knows if it's toxic

The byproduct of chloramine—used to disinfect drinking water—and naturally occurring chemicals has finally been identified: chloranitramide.

Brad Pitt reportedly has thoughts about Angelina Jolie bringing son Knox to the Governors Awards

Brad Pitt reportedly has thoughts about Angelina Jolie bringing son Knox to the Governors Awards

Cara Delevingne Dishes on Taking Taylor Swift on a "Wild Ride" When They Lived Together

Well, they weren't bored.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play