Jenny Chan 陳詠欣
Jul 23, 2018

WPP China in talks to sell stake to Alibaba, CMC, Tencent deal may be a post-Sorrell 'tidying up': Analyst

Sources estimate the stake at hand to be roughly 20% of WPP China, valued at between US$2 billion and US$2.5 billion.

An image from WPP's 2017 annual report shows its revenue and employee numbers (including associated companies) across the region.

WPP is in preliminary talks, as first reported by Sky News, to sell a minority stake in its China business to a consortium of Alibaba, China Media Capital CMC and Tencent.

Campaign China understands that the topic came out during a visit to China by Roberto Quarta, WPP’s chairman, and Andrew Scott, co-chief operating officer, earlier in July. However, the discussions are understood to be at a very early stage.

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