In recent years, the South China Morning Post has become more than a newspaper group. It has expanded with a series of joint ventures and acquisitions - some of them surprising. Probably the most famous of the company's joint ventures over the past century was with Dow Jones, which led to the launch of the Asian Wall Street Journal in September 1976. As a founding partner, the Post took a 19 per cent equity stake, provided office space for the new paper in its Quarry Bay building, and printed its Hong Kong edition. The Post had already bought the respected regional newsmagazine, Far Eastern Economic Review, which it later sold to Dow Jones. Dow Jones, in turn, took a 10 per cent stake in the Post. The relationship lasted until the Post was bought by Australian Rupert Murdoch's News Corp 10 years later, when Dow Jones sold its stake and the Post divested its interest in the Journal and the Review. But the Post's interest in other media groups wasn't over. In 1992, it made its first foray outside Hong Kong, buying a 15 per cent stake in the Post Publishing Company, owner of the Bangkok Post. Today, the SCMP retains a 20 per cent holding. The company has also broadened its publishing scope to include Chinese-language joint-venture magazines. An alliance with the US-based Hearst Magazines International is responsible for titles such as Cosmopolitan and Harper's Bazaar, while a relationship with the UK's Haymarket Publishing produces titles including Automobile and Stuff. Over the years, the company has often pursued investments outside newspaper and magazine publishing. In 1975 it bought the Yee Tin Tong Printing Press, which had the license to print Hong Kong's Chinese telephone directories. The SCMP Group today has a retailing subsidiary, which runs 74 Daily Stop convenience stories and 24 Health Plus shops across Hong Kong, and has investments in the post-production and property industries.