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Alibaba to buy minority stake in Focus Media to tap digital marketing

Updated : July 18, 2018 08:30 PM IST

Alibaba will acquire about 6.62 percent in Focus Media for 9.63 billion yuan ($93.8 million) and possibly another 5.0 percent stake in the next 12 months, it said in a statement.
Alibaba to buy minority stake in Focus Media to tap digital marketing

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