Yahoo

Alibaba Looking at Expansion in Advertising, Media Sectors

Chinese 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.
Nasdaq

Tencent and Alibaba Could Take a Big Stake in This Advertising Giant

Chinese tech giants Tencent (NASDAQOTH: TCEHY) and Alibaba (NYSE: BABA) could acquire a minority stake in U.K. advertising giant WPP 's (NYSE: WPP) Chinese unit, according to Sky News. Tencent and ...
Campaign Asia

Alibaba and Tencent's earnings boosted by growth in generative AI advertising innovations

Alibaba reported a year-over-year revenue (YoY) increase of 9%, reaching RMB 224.8 million (US$30.8 million) in the quarter ended September 30, 2023. Alibaba's advertising and commerce sectors, ...
Marketing Dive

Alibaba invests $2.23B in outdoor digital advertising company

Chinese e-commerce giant Alibaba is investing $2.23 billion for a stake in Focus Media, an outdoor digital advertising company based in Shanghai, according to company filings reported in TechCrunch.