Alibaba is to buy a 6.62% stake for CNY9.63bn ($9.63 billion yuan) in China's Focus Media Information Technology, and potentially a further 5% stake over the next 12 months, as it seeks to tap into the digital market sector.
Alibaba is to buy a 6.62% stake for CNY9.63bn ($1.42bn) in China's Focus Media Information Technology, and potentially a further 5% stake over the next 12 months, as it seeks to tap into the digital market sector.