Why does Fosun invest in Focus Media when the world is in the financial crisis?
Fosun has made continuous efforts to explore the value of companies with potentials. Our investment in Focus Media is subject to systematic analysis, long-term observation, field survey as well as examination upon its competitors. Based on broadband internet advertising network, mobile advertising network and outdoor advertising network, the growth of new media has surpassed that of traditional media. Besides, Fosun has adequate cash flow to capture good investment opportunities. 4. Will Fosun pursue more stake of Focus Media? What’s the long-term intention of this investment? And in what way does Fosun prefer to obtain the controlling interests in Focus Media? And have you set up an agenda? It’s part of our investment strategy to decide whether we should acquire additional stakes of Focus Media or set up an agenda. Just as what we did, we did not announce our decision beforehand. But we make promise to our shareholders that each of our decision has been subject to a systematic analysi
