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| Company type | Public |
|---|---|
| Industry | Advertising |
| Founded | 2003; 22 years ago (2003) |
| Headquarters | Shanghai,China |
Key people | Jason Jiang (chairman & CEO) Weiwei Kong (CFO) |
| Revenue | $0.9 billionUSD (6.06 billion RMB) (2021) |
| $2.176 billion USD (14.84 billion RMB) (2021) | |
| $23.548 million USD (2005) | |
Number of employees | 5309 |
| Website | www |
Focus Media Information Technology, formerlyFocus Media Holding, is a Chinese company which operatesout-of-home advertising in China which consist predominantly ofdigital signage screens and claims to own the country's largest Internetadvertising agency.
In November 2011,Muddy Waters Research reported massivefraud and corruption within the company.[1] Focus denied the allegations. Until 2020, Muddy Waters had shorted 18 Chinese companies, including New Oriental(EDU), Anta Sports(02020.hk), Luckin Coffee(LK), and so on, most of which have been developing well. In May 2013, Focus Media was subsequently taken private and delisted from theNasdaq by aprivate equity consortium that includedFountainVest Partners,The Carlyle Group,China Everbright andCITIC Capital.[2]
In June 2015, Focus Media reached a $7.4 Billion deal to list onShenzhen Stock Exchange via reverse merger.[3] Its market value breaks through 100 billion yuan. In 2016, Focus Media was included in the Shanghai and Shenzhen 300 Index.[4] In 2017, Focus was included in the MSCI China A-share Index, and in 2024, Focus was included in the CSI A50 Index.[5]
