On a recent afternoon, the staff of The South China Morning Post, a 114-year-old newspaper, gathered around roast suckling pig in their lavish new headquarters in Hong Kong to celebrate a remarkable turnaround.
Readership has been surging. The Post has launched new digital products and added dozens of journalists. After more than a decade of decline and editorial chaos, the newsroom now buzzes like a tech start-up, with table tennis and an in-house pub serving free craft beer.
The revival began with The Post's acquisition two years ago by the Alibaba Group, the Chinese technology and retail giant. But if Alibaba is