Alibaba Buys $2.2B Stakes In China’s Digital Media Firm To Gain Offline Traffic

Login to View

E-commerce giant Alibaba Group Holding Ltd., has agreed to buy a 10.3% stake in Shenzhen-listed digital media company Focus Media Information Technology for RMB15 billion (US$2.23 billion), according to the latter’s security filing.

China Money Network

UNLOCK DATA
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech


Register Now

Want to read this important story?

Access thousands of news articles and data posts over the past 9 years!


Already have an account or paid subscription? Log in


RELATED NEWS



LEAVE A REPLY