Alibaba to Acquire Minority Stake in Focus Media

Hong Kong (July 19, 2018): Chinese e-commerce giant Alibaba Group has agreed to acquire a minority stake in China’s Focus Media Information Technology Co. Ltd. to tap into the digital marketing sector. According to a statement issued by Alibaba, it will acquire about 6.62 % in Focus Media for 9.63 billion … Continue reading Alibaba to Acquire Minority Stake in Focus Media