Alibaba Hunts for New SCMP Chief as CEO Moves to NFT Spinoff

Gary Liu, chief executive officer of South China Morning Post Publishers Ltd., speaks during the Nikkei Innovative Asia Forum in Singapore on Jan. 17, 2019. Photo: Bloomberg

(Bloomberg) — Alibaba Group Holding Ltd.’s most important media property is on the lookout for a new chief executive after tasking helmsman Gary Liu with running a spinoff that will turn artwork into nonfungible tokens.

South China Morning Post, the influential Hong Kong news outlet Alibaba bought in 2015, said it launched a global search for a new leader. Liu will keep running the company until his replacement is found, Alibaba Vice Chairman Joseph Tsai told staff in a memo Wednesday.