Chapter 228： Another important acquisition target (2/2)

After understanding the acquisition of ”Sin Chew Daily”, Xia Yu was in a good mood, but he has not yet relaxed, because the most important plan is to acquire the ”South China Morning Post”!

At this time in Hong Kong, the top three English newspapers were the South China Morning Post, the English Standard and the Asian Wall Street Journal.

Among them, the South China Morning Post has the highest sales volume, with a daily sales volume of 110,000 copies. It was founded in 1903. It mainly provides authoritative business and financial analysis. It is the most influential English-language newspaper in Southeast Asia. Its readers are high-level political and business people. Lord, is a high-end newspaper.

The South China Morning Post was listed on the Hong Kong Stock Exchange in November 1971. If it develops in accordance with history, it will be privatized by the media tycoon Murdoch's News Corporation in 1987.

Then in 1993, it was controlled by Malaysia’s richest man, Kuo Henian, but in December 2015, it was acquired by Alibaba Group, which is determined to build a large media system.

The second ”English Standard”, also called ”Xiangjiang Tiger”, is one of the newspapers under Sing Tao News Corporation. It was founded in March 1949 and funded by Hu Wenhu. The ”Tiger News” took Hu Wenhu's ”tiger”, and its daily sales volume is about 100,000 copies.

It can also be seen from this point that before Jiuding News Corporation appeared, Sing Tao News Group was indeed the media company with the most comprehensive strength in the paper media industry.

Ranked third, the ”Asian Wall Street Journal”, which sells 90,000 copies a day, has an extraordinary origin!

The Asian Wall Street Journal was founded in 1976, and it has only been two years now. However, the daily sales volume has reached the third position of English newspapers, and the momentum of progress is still strong.

In fact, you can guess some details by looking at its name.

The Asian Wall Street Journal is a financial newspaper aimed at Asian readers and belongs to Dow Jones.

Founded in 1882, Dow Jones owns the Wall Street Journal, which provides in-depth analysis and reporting on business and finance, the Dow Jones News Agency, which provides real-time financial reports and market reviews, and the well-known investment publication Barron Magazine.

Among them, the ”Wall Street Journal” is one of the oldest newspapers in the United States. It has the second largest circulation in the country and has a daily sales volume of more than two million copies. It is a must-read for business professionals in the United States and the world.

A few years ago, Dow Jones keenly discovered that the Asian economy was about to rise, so it established a separate newspaper to expand its influence.

Therefore, backed by Dow Jones, which has strong financial resources and strong professional strength, the development prospects of the ”Asian Wall Street Journal” are very good. Now the South China Morning Post and the second-ranked ”English Standard” are extremely vigilant.

Having said that, the influence of Xia Yu's Jiuding Newspaper Company is already amazing, but in the paper media industry, there is still a lack of a handy English newspaper.

Now that Xia Yu has money, he chooses a faster and more convenient acquisition.

Of the three major newspapers, the South China Morning Post is most likely to be acquired.

”English Standard” is owned by Sing Tao News Group. Now Sing Tao News Group is determined to catch up with Jiuding News. The two can be described as competitors. Hu Xian is only brain-disabled to sell ”English Standard” to Xia Yulai. Enemy.

Therefore, Xia Yu didn't even think about the acquisition of the ”English Standard” before Hu Xian's desire to compete was completely impossible.

The Asian Wall Street Journal is even more unlikely to be acquired.

Dow Jones is much stronger than Jiuding Newspapers. How could you sell the ”Asian Wall Street Journal” with the strategic mission of opening up the territory for a little money?

It is precisely because of these considerations ~ Xia Yu set his goal on the South China Morning Post from the beginning.

Moreover, buying the top-selling ”South China Morning Post” is also more in line with the status of Jiuding Newspaper Company. If you want to do it, be the first!

Furthermore, the ”South China Morning Post” has overwhelmed Sing Tao News Group's ”English Standard”, and Jiuding News Group's ”Jiu Ding Daily” and ”Feng Yun Daily” have overwhelmed Sing Tao News Group's ”Sing Tao Daily”. Now, in the area of ​​English newspapers, Jiuding Newspaper Company naturally cannot lose its momentum.

So no matter what kind of consideration, ”South China Morning Post” is the most suitable target for acquisition!

However, looking at Yan Wenhan's expression, it seems that the progress of the acquisition of the South China Morning Post is not going well.

”What's the situation, just say it, and solve the problem.”

Seeing Yan Wenhan embarrassed, Xia Yu smiled to relieve Yan Wenhan's pressure.

Yan Wenhan nodded, whispering...