Focus Media once fell nearly 7%, and Meituan officially announced that it is recruiting elevator advertising franchises

According to news from this website on July 11, Meituan officially announced today that it currently plans to recruit elevator media advertising franchisees (video elevator media) in sinking cities. Meituan will provide equipment and business support; the franchisee will be responsible for equipment installation, sales and advertising production.

After the news was released, the share price of Focus Media, the leading elevator media company, once fell by nearly 7%. On July 11, the closing stock price of A shares fell by 4.65%.

Focus Media’s official website shows that Focus Elevator Media covers 400 million mainstream consumers in Chinese cities and more than 3 million elevator terminals. Interestingly, this site found that Focus Media also displayed Meituan’s advertising images on Focus Media on its official website.

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