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Focus Media Ad Subsidiary Files for IPO

Focus Media Press Release, 9/19/08

Chinese multi-platform digital media company Focus Media (Nasdaq: FMCN) today announced online advertising subsidiary Allyes Online Media Holding Ltd, has confidentially submitted to the U.S. Securities and Exchange Commission a draft registration statement for a proposed IPO.   Read More...

Taobao H1 Transactions Exceed RMB 41.3 Bln

China Securities Journal, 9/19/08

During H1 2008, the total volume of transactions on Chinese C2C and B2C e-commerce site Taobao exceeded RMB 41.3 bln, nearing the 2007 full-year total of 43.3 bln, up 263% over H1 2007's RMB 15.7 bln in transactions, and higher than both the H1 2007 and full-year 2007 growth rates of 200% and 156%, respectively.   Read More...

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