Chinese outdoor advertising firm Focus Media says it will team up with FountainVest Partners to launch a US$400 million fund to invest in sports companies in China and overseas, according to a securities filing (in Chinese). Shenzhen-listed Focus Media, which was privatized last year with participation from investors including FountainVest, plans to invest up to […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.