|Day's Range||1.860 - 1.900|
|52 Week Range||1.750 - 2.200|
|PE Ratio (TTM)||9.18|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Alibaba acquisition of South China Morning Post put these ETFs in focus.
SHANGHAI/HONG KONG (Reuters) - Alibaba Group Holding Ltd (BABA.N) has agreed on a $266 million deal to acquire the South China Morning Post and other media assets of SCMP Group Ltd , a deal that has raised a question over the outlook for its editorial independence. In a filing to the Hong Kong stock exchange on Monday, SCMP Group Ltd cited an "uncertain" future for traditional publishing as a key reason behind the sale, adding Alibaba would likely be able to "unlock greater value" from the business.
On Friday, Chinese e-commerce giant Alibaba (BABA) has agreed to purchase Hong Kong???s South China Morning Post (SCMP) as well as other partnering media assets.