Alibaba-Backed South China Morning Post Newspaper Says Revenue Dropped 50% in Quarter

Copies of newspapers sit in a stand in the newsroom of the South China Morning Post (SCMP) in Hong Kong, China, on Friday, June 5, 2020. South China Morning Post, the Hong Kong newspaper backed by Alibaba Group Holding Ltd., saw its revenue plunge by half in the first quarter as advertisers cut budgets amid months of social unrest and the coronavirus pandemic. Photographer: Paul Yeung/Bloomberg via Getty Images

Alibaba-Backed South China Morning Post Newspaper Says Revenue Dropped 50% in Quarter
Copies of newspapers sit in a stand in the newsroom of the South China Morning Post (SCMP) in Hong Kong, China, on Friday, June 5, 2020. South China Morning Post, the Hong Kong newspaper backed by Alibaba Group Holding Ltd., saw its revenue plunge by half in the first quarter as advertisers cut budgets amid months of social unrest and the coronavirus pandemic. Photographer: Paul Yeung/Bloomberg via Getty Images
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1218362599
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Date created:
June 06, 2020
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HK SCMP
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