Lets Sell Ads in Elevators

May 26, 2006 at 4:10 pm 1 comment

Three years ago, Jason Jiang was an unknown Chinese entrepreneur with an offbeat notion to sell ads in elevator lobbies. Then he persuaded the money men to back him.

Today, Mr. Jiang's company, Focus Media Holding Ltd., has a market capitalization of almost $2.9 billion. Its share price has quadrupled since the company's initial public offering in July on the Nasdaq Stock Market. Mr. Jiang has amassed a personal fortune of more than $700 million, including a 25% stake in his company. http://www.chinadaily.com.cn/world/2006-05/11/content_587386.htm

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Entry filed under: Internet Startup.

Internet richies One of these millionaires still leaves with his parents

1 Comment Add your own

  • 1. Gift Basket Club  |  August 8, 2007 at 10:12 am

    Great website, nice tips, thanks for sharing

    Reply

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About Biz News

My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
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