China in auto power play
It might not shake up the industry just yet, but China's interest in Volvo and Saab is the start of something big in global autos, writes columnist Wei Gu. Commentary
Omnicom to buy stake in China's Shunya group
NEW YORK (Reuters) - Advertising and marketing services company Omnicom Group (OMC.N) said on Sunday it was taking a significant minority stake in China's Shunya Communications Group through Omnicom's BBDO division.
Shunya International Ad Inc., Shunya Profuture Events Marketing Inc., Shunya International PR Inc. and Shunya PR Inc. will become part of Omnicom's BBDO, Proximity, Porter Novelli and Pleon divisions, respectively, Omnicom said.
Omnicom did not disclose the size of the stake.
(Reporting by Michael Flaherty; Editing by Tomasz Janowski)
