Alibaba Looking at Expansion in Advertising, Media Sectors

By Wire News Sources on July 22, 2018

China’s e-commerce giant, Alibaba has agreed to pay $2.23 billion for a roughly 10% stake in Focus Media. The digital advertising company which operates screens in subways and elevators across China. The move holds the potential to boost Alibaba’s core e-commerce operations. But it also extends the reach for Alibaba as a media operator, and […]

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