WPP acquires Chinese social media agency Teein

22nd Sep 2014 13:01

WPP's wholly-owned operating company VML has agreed to acquire Chinese social media agency Teein, the communications giant announced on Monday.The global digital network said the purchase marks a further step towards WPP's declared goal of developing its networks in fast-growth markets and sectors.The agency also provides online media planning and buying, public opinion monitoring and social media application development.WPP companies generate revenue of around $1.5bn per year in greater China.