SCMP owned by Alibaba | End of press freedom in Hong Kong December 21, 2015gant_admin The takeover of South China Morning Post (SCMP) by Alibaba is the end of press freedom in Hong Kong. It is a sad day when it was announced that Alibaba will buy SCMP. Alibaba is in trading; what business does it have buying a news outlet in Hong Kong. It has no real business in Hong Kong, no experience in running a media company and above all has serious credibility issues. The end of press freedom as we know it in Hong Kong.