21st Apr 2008 08:54
WPP Group PLC21 April 2008 FOR IMMEDIATE RELEASE 21 April 2008 WPP GROUP PLC ("WPP") WPP Digital takes stake in HDT Holdings Technologies Inc. in China WPP Digital, the digital investment arm of WPP, announces that it has acquired aminority stake in HDT Holdings Technologies Inc. ("HDT") a leading rich mediaadvertising and technology company. HDT was founded in 1999 and has offices inShanghai, Beijing and GuangZhou, employing over 270 people. HDT has a broad product portfolio, including iCast, a rich media ad-servingproduct with distribution agreements with all major portal and vertical sites inChina; iStreaming, a video ad-serving product which has distribution agreementswith all major video sites in China; iFocus, a contextual targeting advertisingproduct; and T2C, an advertising network with over 200,000 sites delivering 150mpage views per day. WPP joins existing investors CA-JAIC China Internet Fund, Cheng Wei Ventures,Manitou Ventures and Sequoia. This investment continues WPP's strategy of developing its services infast-growing markets and sectors and strengthening its capabilities in digitalmedia. Greater China - a region WPP has been committed to for over 20 years -remains one of the fastest growth markets for WPP, generating revenues of over$600 million, almost one-quarter of the company's Asian revenues. The Groupcurrently employs 9,000 people across Greater China, underlining its strongleadership position in the region - as in Asia overall - across allcommunications services Contact:Feona McEwan, WPP T. +44 (0)20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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