Exhibit 21.1

Subsidiaries of Focus Media Holding Limited

The following table sets forth information
concerning our direct subsidiaries off-shore:



|                                      |  |                       |  |                       
|------------------------------------- |  | --------------------- |  | ----------------------
|Subsidiary                            |  | Place ofIncorporation |  | Percentage ofOwnership
|Advantage Way Limited                 |  | BVI                   |  | 100%                  
|Appreciate Capital Limited            |  | BVI                   |  | 70%                   
|Bestwin Partners Limited              |  | BVI                   |  | 100%                  
|Better Off Investments Limited        |  | BVI                   |  | 100%                  
|Brilliant Top Investment Limited      |  | BVI                   |  | 100%                  
|Capital Beyond Limited                |  | BVI                   |  | 100%                  
|Crownsky Limited                      |  | BVI                   |  | 100%                  
|Directwealth Holdings Limited         |  | BVI                   |  | 100%                  
|Dotad Media Holdings Limited          |  | BVI                   |  | 100%                  
|First Star Investment Limited         |  | BVI                   |  | 100%                  
|Focus Media (China) Holding Limited   |  | Hong Kong             |  | 100%                  
|Focus Media Changsha Holding Limited  |  | BVI                   |  | 100%                  
|Focus Media Dalian Holding Limited    |  | BVI                   |  | 100%                  
|Focus Media Tianjin Limited           |  | BVI                   |  | 80%                   
|Focus Media Qingdao Holding Limited   |  | BVI                   |  | 100%                  
|Fully Ascend Limited                  |  | BVI                   |  | 100%                  
|Glomedia Holdings Limited             |  | BVI                   |  | 100%                  
|Hua Kuang Advertising Company Limited |  | Hong Kong             |  | 100%                  
|Infoachieve Limited                   |  | BVI                   |  | 100%                  
|Luck Trillion Limited                 |  | BVI                   |  | 100%                  
|One Capital Investment Limited        |  | BVI                   |  | 100%                  
|Perfect Media Holding Limited         |  | BVI                   |  | 100%                  
|Plentiworth Investment Limited        |  | BVI                   |  | 100%                  
|Richcrest Pacific Limited             |  | BVI                   |  | 100%                  
|Securacom Limited                     |  | BVI                   |  | 100%                  
|Sky Max Global Limited                |  | BVI                   |  | 100%                  
|Sorfari Holdings Limited              |  | BVI                   |  | 100%                  
|Target Media Holdings Limited         |  | Cayman                |  | 100%                  
|Wealthstar Holdings Limited           |  | BVI                   |  | 100%                  

Subsidiaries of Focus Media Holding Limited

The following table sets forth information concerning our active subsidiaries in China:



|                                                                |  |                       |  |                                                                                                           
|--------------------------------------------------------------- |  | --------------------- |  | ----------------------------------------------------------------------------------------------------------
|Subsidiaries                                                    |  | Place ofIncorporation |  | Shareholding                                                                                              
|Chizhong Information Technology (Shanghai) Co., Ltd.            |  | PRC                   |  | Focus Media (China) Holding Limited: 100%                                                                 
|Focus Media (China) Information Technology Co., Ltd.            |  | PRC                   |  | Focus Media (China) Holding Limited: 100%                                                                 
|Focus Media Technology (Shanghai) Co., Ltd.                     |  | PRC                   |  | Focus Media (China) Holding Limited: 100%                                                                 
|Focus Media Digital Information Technology (Shanghai) Co., Ltd. |  | PRC                   |  | Focus Media Technology (Shanghai) Co., Ltd.: 90% Focus Media (China) Information Technology Co., Ltd.: 10%
|Shanghai Focus Media Defeng Advertisement Co., Ltd.(1)          |  | PRC                   |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                     
|Shanghai Yuanchi Advertisement Co., Ltd.                        |  | PRC                   |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                     
|Focus Media Culture Communication Co., Ltd.                     |  | PRC                   |  | Shanghai Focus Media Defeng Advertisement Co., Ltd.: 100%                                                 
|Shanghai Yuanchi Culture Communication Co., Ltd.                |  | PRC                   |  | Shanghai Yuanchi Advertisement Co., Ltd.: 100%                                                            
|Beijing Focus Media Wireless Co., Ltd.                          |  | PRC                   |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                     
|Changsha Framedia Advertisement Co., Ltd.                       |  | PRC                   |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                     
|Chongqing Geyang Focus Media Culture & Broadcasting Co., Ltd.   |  | PRC                   |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                     



---

|                                                                      |  |     |  |                                                                                                                                                                                                                                     
|--------------------------------------------------------------------- |  | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Foshan Ruoqian Advertisement Co., Ltd.                                |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Guizhou Focus Media Advertisement Co., Ltd.                           |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Haerbin Focus Media Advertisement Co., Ltd.                          |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Haerbin Jingshi Advertisement Co., Ltd.                              |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Haerbin Xingaoduan Culture Co., Ltd.                                 |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Hebei Focus Media Advertisement Co., Ltd.                             |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 63% Hebei Life Fashion Advertisement Co., Ltd.: 37% (unrelated third party)                                                                                        
|Huichun Focus Media Advertisement Co., Ltd.                           |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 85% Jilin Tianzhifeng Communications Co., Ltd.: 15% (unrelated third party)                                                                                        
|Jilin Focus Media Advertisement Co., Ltd.                             |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 85% Jilin Tianzhifeng Communications Co., Ltd.: 15% (unrelated third party)                                                                                        
|Jilin Guanghua Advertisement Co., Ltd.                                |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 85% Jilin Tianzhifeng Communications Co., Ltd.: 15% (unrelated third party)                                                                                        
|Jinan Framedia Advertisement Co., Ltd.                                |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Lanzhou Focus Media Advertisement Co., Ltd.                           |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Liaoning Framedia Advertisement Co., Ltd.                             |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Ningbo Jiangdong Longdi Culture Co., Ltd.                             |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Qingdao Mubiao Advertisement Co., Ltd.                                |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai Chizhong Advertisement Co., Ltd.                             |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai Dahan Advertisement Co., Ltd.                                |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai On-Target Advertisement Co., Ltd.                            |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai Focus Media Jingshi Advertisement Co., Ltd.                  |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai Framedia Advertising Development Co., Ltd.                   |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai Honghao Advertisement Co., Ltd.                              |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai Jiefang Focus Media Advertisement & Communications Co., Ltd. |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 60% Shanghai Jiefang Media Investment Co., Ltd.: 15% (unrelated third party) Shanghai Yuxuan Enterprise
Investment Management Co., Ltd: 25% (unrelated third party)
|Shanghai Jingxuan Advertisement Co., Ltd.                             |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai Lizhu Advertisement Co., Ltd.                                |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai New Focus Media Advertisement Co., Ltd.                      |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai New Structure Advertisement Co., Ltd.                        |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               
|Shanghai Zhiyi Advertisement Co., Ltd.                                |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                               



---

|                                                         |  |     |  |                                                                                                                                                                                                                            
|-------------------------------------------------------- |  | --- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Shanghai Zhuosheng Advertisement Co., Ltd.               |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Shanxi Focus Media Advertisement Co., Ltd.               |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Shenyang Wanhai Qianzhou Advertisement Co., Ltd.         |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Shijiazhuang Framedia Zhonglian Advertisement Co., Ltd.  |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Sichuan Framedia Advertisement Co., Ltd.                 |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Sichuan Focus Media Advertising Communications Co., Ltd. |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Suzhou Huayun Media Culture Co., Ltd.                    |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Taiyuan Framedia Juzhong Advertisement Co., Ltd.         |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Tianjin Focus Media Tongsheng Advertisement Co., Ltd.    |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Xiamen Hongxin Coastline Advertisement Co., Ltd.         |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Zhengzhou Focus Framedia Advertisement Co., Ltd.         |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Zhongshan Ruoqian Advertisement Co., Ltd.                |  | PRC |  | Focus Media Digital Information Technology (Shanghai) Co., Ltd.: 100%                                                                                                                                                      
|Shanghai OOH Advertisement Co., Ltd.                     |  | PRC |  | Hua Kuang Advertising Company Ltd.: 100%                                                                                                                                                                                   
|Shanghai Chuanrui Advertisement Co., Ltd.                |  | PRC |  | Shanghai OOH Advertisement Co., Ltd.: 100%                                                                                                                                                                                 
|Beijing Chuanzhi OOH Advertisement Co., Ltd.             |  | PRC |  | Shanghai OOH Advertisement Co., Ltd.: 100%                                                                                                                                                                                 
|Shanghai Chuanxin Software Technology Co., Ltd.          |  | PRC |  | Shanghai OOH Advertisement Co., Ltd.: 100%                                                                                                                                                                                 
|Shanghai Chuanzhi Advertisement Co., Ltd.                |  | PRC |  | Shanghai OOH Advertisement Co., Ltd.: 100%                                                                                                                                                                                 
|Shanghai Ruili Advertisement Co., Ltd.                   |  | PRC |  | Shanghai OOH Advertisement Co., Ltd.: 100%                                                                                                                                                                                 
|Nanjing Boxintong Culture & Communication Co., Ltd.      |  | PRC |  | Shanghai Chuanrui Advertisement Co., Ltd.: 51% Chang Yao: 49% (unrelated third party)                                                                                                                                      
|Nanchang Yujin Chuanzhi Advertisement Co., Ltd.          |  | PRC |  | Shanghai Chuanrui Advertisement Co., Ltd.: 51% Nanchang Heli Education Consulting Co., Ltd.: 49%                                                                                                                           
|Qingdao Aohai Ruizhi Advertisement Co., Ltd.             |  | PRC |  | Shanghai Chuanrui Advertisement Co., Ltd.: 51% Lewei Li: 16% (unrelated third party) Yong Han: 18% (unrelated third party) Deliang Ding: 15% (unrelated third
party)                                                       
|Suzhou Chuanri New Concept Co., Ltd.                     |  | PRC |  | Shanghai Chuanrui Advertisement Co., Ltd. : 51% Suzhou Industry Park New Concept Advertising Co., Ltd. : 24.99% (an unrelated third party) Suzhou Qihang Culture Communication
Co., Ltd. :24.01% (an unrelated third party)



|(1) | Shanghai Focus Media Defeng Advertisement Co., Ltd. controls Shanghai Enjoy Media Advertising & Broadcasting Co., Ltd., or Enjoy Media, a company incorporated
in the PRC, through a series of contractual arrangements with Enjoy Media and July Lilin Wang, our financial controller and the 51% holder of Enjoy Media. 47% of Enjoy Medias shares are held by Acer Jiawei Zhang and 2% of Enjoy Medias
shares are held by Lili Lu, who are unrelated third parties.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Subsidiaries of Focus Media Advertisement

The following table sets forth information concerning Shanghai Focus Media Advertisement Co., Ltd.s active subsidiaries each of which are
incorporated and operate in China:



|                                              |  |                                                                                                                                                                                                 |  |                                   
|--------------------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ----------------------------------
|Subsidiaries                                  |  | Shareholding                                                                                                                                                                                    |  | Business Line                     
|Beijing Yangshisanwei Advertisement Co., Ltd. |  | Focus Media Advertisement: 70% Shanghai Puyun Investment Management Co., Ltd.: 18% (unrelated third party) Yongmei Wang: 10% (unrelated third party) Qingyong Zhang: 2% (unrelated
third party) |  | Movie theatre advertising business



---

|                                                                  |  |                                                                                                                                                      |  |                                                      
|----------------------------------------------------------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------- |  | -----------------------------------------------------
|Changsha Focus Media Shiji Advertisement Co., Ltd.                |  | Focus Media Advertisement: 90% Jimmy Wei Yu: 10% (designated by us)                                                                                  |  | LCD advertising business
(including in-store network)
|Dalian Focus Media Advertising Co., Ltd.                          |  | Focus Media Advertisement: 90% Jimmy Wei Yu: 10% (designated by us)                                                                                  |  | LCD advertising business
(including in-store network)
|Fuzhou Focus Media Advertising Co., Ltd.                          |  | Focus Media Advertisement: 70% Fuzhou Mingzheng Culture & Communication Co., Ltd.: 30% (unrelated third party)                                       |  | LCD advertising business
(including in-store network)
|Nanjing Focus Media Advertising Co., Ltd.                         |  | Focus Media Advertisement: 90% Biao Wang: 10% (unrelated third party)                                                                                |  | LCD advertising business
(including in-store network)
|Qingdao Focus Media Advertisement Co., Ltd.                       |  | Focus Media Advertisement: 90% Jimmy Wei Yu: 10% (designated by us)                                                                                  |  | LCD advertising business
(including in-store network)
|Shanghai Zhenhao Advertisement Co., Ltd.                          |  | Focus Media Advertisement: 70% Shanghai Puyun Investment Management Co., Ltd.: 18% (unrelated third party) Yongmei Wang: 12% (unrelated third party) |  | Movie theatre advertising business                   
|Suzhou Focus Media Communication and Advertisement Co., Ltd.      |  | Focus Media Advertisement: 100%                                                                                                                      |  | LCD advertising business
(including in-store network)
|Xian Focus Media Advertising & Information Company Ltd.          |  | Focus Media Advertisement: 70% Junrong Zhang: 30% (unrelated third party)                                                                            |  | LCD advertising business
(including in-store network)
|Zhuhai Focus Media Culture and Communication Company Ltd.         |  | Focus Media Advertisement: 90% Jimmy Wei Yu: 10% (designated by us)                                                                                  |  | LCD advertising business
(including in-store network)
|Dongguan Focus Media Advertisement & Communications Co., Ltd.     |  | Focus Media Advertisement: 90% Focus Media Advertising Agency: 10%                                                                                   |  | LCD advertising business
(including in-store network)
|Hefei Fukesi Advertising Co., Ltd.                                |  | Focus Media Advertisement: 90% Focus Media Advertising Agency: 10%                                                                                   |  | LCD advertising business
(including in-store network)
|Jinan Focus Media Advertising Co., Ltd.                           |  | Focus Media Advertisement: 80% Focus Media Advertising Agency: 20%                                                                                   |  | LCD advertising business
(including in-store network)
|Shenyang Focus Media Advertising Co., Ltd.                        |  | Focus Media Advertisement: 70% Focus Media Advertising Agency: 30%                                                                                   |  | LCD advertising business
(including in-store network)
|Wuhan Geshi Focus Media Advertising Co., Ltd.                     |  | Focus Media Advertisement: 75% Focus Media Advertising Agency: 25%                                                                                   |  | LCD advertising business
(including in-store network)
|Xiamen Focus Media Advertising Company Ltd.                       |  | Focus Media Advertisement: 90% Focus Media Advertising Agency: 10%                                                                                   |  | LCD advertising business
(including in-store network)
|Yunnan Focus Media Co., Ltd.                                      |  | Focus Media Advertisement: 89.5% Focus Media Advertising Agency: 10.5%                                                                               |  | LCD advertising business
(including in-store network)
|Zhejiang Ruihong Focus Media Advertising Communications Co., Ltd. |  | Focus Media Advertisement: 80% Focus Media Advertising Agency: 20%                                                                                   |  | LCD advertising business
(including in-store network)
|Zhengzhou Focus Media Advertisement & Communications Co., Ltd.    |  | Focus Media Advertisement: 85% Focus Media Advertising Agency: 15%                                                                                   |  | LCD advertising business
(including in-store network)