The Nasdaq-traded company, whose stock more than tripled since July, aims to install giant screens of light-emitting diodes in Shanghai, Beijing and Guangzhou, similar to those in New York's most-illuminated junction, Chief Executive Officer Jason Jiang said in a Feb. 9 interview.
The giant video screens on as many as 15 buildings, would increase competition with Clear Channel Outdoor Holdings Inc. and JC Decaux SA, the world's largest outdoor advertisers, in an ad market worth $39 billion. Retail sales in the world's most populous country climbed 12.5 percent last year as rising incomes encourage people to spend more on cars, homes and food. "
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