OOB Media HK Ltd is Tembusu Growth Fund II’s Third Investment
Posted on 1 Jun 2012
Tembusu Growth Fund II is pleased to announce a new investment in OOB Media HK Ltd (“OOB”).
OOB is a leading provider of outdoor advertising solutions in long distance bus terminals in China via LCDs and interactive touch screens.
Focusing on a lack of market penetration by dominant outdoor advertising players like Focus Media Holdings and AirMedia Group in bus terminals, OOB aims to capture a unique spot in the high human traffic terminals.
Currently, there are 245 screens installed in 19 bus terminals in Tier 1 cities like Shanghai, Guangzhou and Shenzhen. OOB will continue to expand aggressively following Tembusu’s investment.