Posted inChina

Alibaba secures 10% stake in advertiser Focus Media

Chinese e-commerce giant Alibaba has bought into the largest out-of-home advertising network in China, Focus Media, in a 15 billion yuan (US$2.23 billion) deal, The Paper reported. Following the investment, Alibaba and related parties will hold a 10.33% stake in Focus Media, making it the second largest shareholder of the advertiser. Meanwhile, MMHL, a company […]