Asiaray Media Group Limited, an investment holding company, operates as an out-of-home media company in the People’s Republic of China, Hong Kong, Macau, and Southeast Asia. The company operates through Airports Business, Metro and Billboards Business, and Bus and Other Business segments. It develops and operates out-of-home advertising media, including advertising in airports, metro lines, and billboards and building solutions. In addition, the company offers advertising services in bus exterior and interior, and bus shelter, as well as advertising services from other media spaces.