Focus Media Information Technology, formerly Focus Media Holding, is a Chinese company which operates out-of-home advertising in China which consist predominantly of digital signage screens and claims to own the country's largest Internet advertising agency.
| Company type | Public |
|---|---|
| SZSE: 002027 | |
| Industry | Advertising |
| Founded | 2003 |
| Headquarters | Shanghai, China |
Key people | Jason Jiang, Chairman Zhi Tan, CEO Mingdong Wu, CFO Congrong Chen, COO |
| Revenue | $68.229 million USD (2005) |
| $22.786 million USD (2005) | |
| $23.548 million USD (2005) | |
Number of employees | 3548 |
| Website | http://www.focusmedia.cn |
Alleged fraud
In November 2011, Muddy Waters Research reported massive fraud and corruption within the company.[1] Focus denied the allegations. In May 2013, the company was subsequently taken private and delisted rom the Nasdaq by a private equity consortium that included FountainVest Partners, The Carlyle Group, China Everbright and CITIC Capital.[2]
In June 2015, Focus Media reached a $7.4 Billion deal to list on Shenzhen Stock Exchange via reverse merger.[3]
References
External links
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