Days ago, Buytime Media Group (Buytime Media) received US$30M PE investment led by American Carly Investment Group. The proceeds will facilitate Buytime Media to list overseas.

Kun Dong, Financial Vice President of Buytime Media said the company's decision-makers have discussed about the listing timetable but yet to disclose the date in public. "We plan to debut on NASDAQ in the first half of 2009. Currently, many securities dealers have contacted us, but the final cooperative partners have not been confirmed."

As China's hotel media creator and the sole operator, prior to this, Buytime Media secured US$16M from several well-known investors including the Carlyle Group and SAIF, etc. Its monopolized hotel media network provides services for China¡¯s high-end consumers and travelers. In addition, the company launched Beijing Olympic Games Express, Map Guide, and other services for the coming Olympic Games.