China Mobile Ad. Venture Announced
Dentsu, CA Mobile and Cyber Communications announced [.pdf] that the Chinese government has approved their application to begin business operations at the new joint venture they have established to specialize in mobile advertising in China. An announcement ceremony was scheduled to be held in Beijing, on April 17, to mark the launch of Beijing Dianyi Advertising Co., Ltd. The shareholder ratio indicates CA Mobile will retain 66.6% with Dentsu and Cyber Comm. each taking 16.7% of the ¥100 million start-up capital.