FOCUS MEDIA Says Currently Collaborating w/ MEITUAN on Lift Ads Biz in Lower-tier Cities

　　There have been reports that MEITUAN-W (03690.HK) +4.400 (+3.790%) Short selling $575.82M; Ratio 19.648% is planning to launch a lift advertising business and is recruiting franchisees.

　　Jiang Nanchun, founder of FOCUS MEDIA (002027.SZ) +0.300 (+5.226%) , responded that the company is promoting cooperation with MEITUAN on lift media advertising operations in lower-tier cities, with a view to jointly providing more comprehensive services to small and medium-sized enterprises in lower-tier city markets.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-11 16:25.) (A Shares quote is delayed for at least 15 mins.)