[Chinese State Firm Weighs Bid to Take Over SCMP From Alibaba] A company owned by the Chinese government is working on an offer to acquire Hong Kong’s influential South China Morning Post, according to people familiar with the matter. Bauhinia Culture (Hong Kong) Holdings Ltd is interested in a deal with Alibaba Group Holding Ltd that would see the city’s most prominent English-language newspaper join its stable of media properties, the people said, asking not to be identified as the information is private. Alibaba has come under pressure from the Chinese government to divest some of its media assets, including...