China’s Market Regulator Conditionally Approves Focus Media’s Acquisition of Xinchao Media for 5 Years

TREE NEWS update: China’s State Administration for Market Regulation announced on October 10 that it has approved Focus Media Information Technology’s acquisition of a stake in Chengdu Xinchao Media Group, imposing six restrictive conditions valid for five years. This conditional approval marks a significant step forward in the consolidation of China’s elevator advertising industry.