|Post IPO Valuation|
|Description||software applications for mobile phones|
AirMedia Group Inc. (Nasdaq: AMCN) is the most influential provider of middle to high end outdoor media service in China.
AirMedia operates a network of digital frames, strategically placed in areas of airports such as departure halls, terminals, and arrival halls, where most of the air travelers congregate and spend significant amounts of time waiting.
The company has taken over 90% share of the digital air media market, and held up to the resources of traditional airport media market above all the others. The company’s air media network has covered major airports in cities such as Beijing, Shanghai and Guangzhou, and more than 2,300 routes of airliners, including Air China, China Eastern Airlines, and China Southern Airlines.
In August, 2005, AirMedia was founded. In November, 2007, AirMedia became the first NASDAQ-listed company in China’s air media industry, raising 200 million dollars.