Focus Media
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.
| 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. The company was subsequently taken private by a private equity consortium in May 2013.
References
- Soham Chatterjee and Ryan Vlastelica (21 November 2011). "Focus Media plunges after Muddy Waters charges". Reuters. Retrieved 25 November 2011.
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