 Before the acquisition in 2016 by Alibaba, "South China Morning Post" belonged to the SCMP Group Limited, a company also involved in property investment and convenience store operation.In April 2016, the company announced that the transaction of their media businesses with Alibaba was completed.As the intellectual property rights to the name "SCMP" was also transferred, the company changed its name to "Armada Holdings Limited", then to "Great Wall Pan Asia Holdings".