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.

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, ...

Not so long ago, the idea of a Chinese internet brand advertising in the US around high-profile coverage of a presidential election would have seemed far-fetched. But last month that is exactly what ...

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 ...

Many investors likely recognize Alibaba (NYSE: BABA) as the largest e-commerce and cloud company in China. However, it also leads China's digital advertising market with a 33% share of revenue in the ...

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.

After starting as e-commerce businesses, Amazon and, to a larger extent, Alibaba have built commerce ecosystems that include an increasing number of touchpoints with the consumer. The ability to ...