Focus Media Information Technology, formerly Focus Media Holding, is a Chinese company which operates
out-of-home advertising in China which consist predominantly of
digital signage screens and claims to own the country's largest Internet
advertising agency
An advertising agency, often referred to as a creative agency or an ad agency, is a business dedicated to creating, planning, and handling advertising and sometimes other forms of promotion and marketing for its clients. An ad agency is generally ...
.
Alleged fraud
In November 2011,
Muddy Waters Research
Muddy Waters Research LLC is an American privately held due diligence based investment firm that conducts investigative research on public companies while also taking investment positions that reflect their research. The firm has exposed account ...
reported massive
fraud and corruption within the company.
Focus denied the allegations. The company was subsequently taken private by a private equity consortium in May 2013.
References
External links
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{{Portal, Companies
Companies in the CSI 100 Index
Companies listed on the Shenzhen Stock Exchange
Advertising agencies of China
Chinese brands
Companies based in Shanghai
Marketing companies established in 2003
Companies formerly listed on the Nasdaq
The Carlyle Group
Fosun International
Chinese companies established in 2003