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Focus Media

From Wikipedia, the free encyclopedia
Focus Media
TypePublic
IndustryAdvertising
Founded2003; 23 years ago (2003)
HeadquartersShanghai, China
Key people
Jason Jiang (chairman & CEO)
Weiwei Kong (CFO)
ServicesBrand advertising, digital out-of-home advertising, media placement
Revenue$0.9 billion USD (6.06 billion RMB) (2021)
$2.176 billion USD (14.84 billion RMB) (2021)
$23.548 million USD (2005)
Number of employees
5309
Websitewww.focusmedia.cn/en

Focus Media Information Technology (known simply as Focus Media and formerly Focus Media Holding) is an international out-of-home advertising and digital media company. It was founded in 2003 by advertising executive Jason Jiang, who serves as CEO. The company pioneered global elevator-based advertising model and operates in over 15 countries across 5 continents which consist predominantly of digital signage screens and residential apartments, together with community space advertising. Since December 2015 the company has traded on the Shenzhen Stock Exchange under the stock code 002027.

History

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In May 2013, Focus Media was subsequently taken private and delisted from the Nasdaq by a private equity consortium that included FountainVest Partners, The Carlyle Group, China Everbright and CITIC Capital.[1]

In June 2015, Focus Media reached a $7.4 billion deal to list on the Shenzhen Stock Exchange via reverse merger.[2] Its market value breaks through 100 billion yuan. In 2016, Focus Media was included in the Shanghai and Shenzhen 300 Index.[3]  In 2017, Focus was included in the MSCI China A-share Index, and in 2024, Focus was included in the CSI A50 Index.[4]

Public response

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In 2025, a student in Shanghai University named Kong Junyou shut down more than 100 elevator advertising screens during a five-day protest against intrusive advertising noise. Sixth Tone reported that the advertisements he targeted belonged to Focus Media, which promotes enclosed elevators as “high-attention” and relatively distraction-free environments for brand exposure. The action prompted online discussion about residents’ consent, advertising revenue, and the commercial use of shared residential spaces.[5]

References

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  1. ↑ "Focus Media accepts US$3.7b buyout offer". South China Morning Post. 2012-12-21. Retrieved 2023-06-22.
  2. ↑ Gough, Neil (2015-06-03). "Focus Media Reaches $7.4 Billion Deal to List in Shenzhen". The New York Times. ISSN 0362-4331. Retrieved 2023-06-22.
  3. ↑ "The CSI 300 Index (000300)". www.csindex.com.cn. Retrieved 2024-12-02.
  4. ↑ "The SSE 50 Index （930050）". www.csindex.com.cn. Retrieved 2024-12-02.
  5. ↑ Chen, Yiru (12 November 2025). "The Chinese College Student Who Took on Annoying Elevator Ads". Sixth Tone. Retrieved 14 July 2026.

Official Websites

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Retrieved from "https://en.wikipedia.org/w/index.php?title=Focus_Media&oldid=1365284295"