Aimia follows Alibaba co-founder Jack Ma in buying stake in Chinese OOH ad firm

Aimia's investment comes ahead of a pending sale by controlling shareholder Clear Channel Outdoor, which plans to by sell its 50.9 per cent stake to Ever Harmonic Global Ltd. — which in turn has 40 per cent ownership by Clear Media CEO Han Zi Jing and 30 per cent ownership by Ant Financial, a company controlled by Jack Ma, co-founder of Chinese e-commerce giant Alibaba Group. […]