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                                                                   EXHIBIT 10.65

                                                           Call Option Agreement
                                             Target Media Acknowledgement Letter

                   ACKNOWLEDGEMENT LETTER FOR PARTICIPATION OF
                              CALL OPTION AGREEMENT

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD. (registered address: Room 1003F,
No. 1027, Changning Road, Changning District, Shanghai), SHANGHAI FOCUS MEDIA
ADVERTISING AGENCY CO., LTD., (registered address: Room A65, 28 Floor, No.369,
Jiangsu Road, Changning District, Shanghai) (hereinafter the "PARTICIPATING
SHAREHOLDERS" collectively) and SHANGHAI TARGET MEDIA CO., LTD. (registered
address: Room 2, No. 85, Xinsixi Street, Zhelin Town, Fengxian District,
Shanghai) (hereinafter the "NEW TARGET COMPANY"), as independent party, hereby
agree to participate in the Call Option Agreement among Focus Media Technology
(Shanghai) Co., Ltd. (hereinafter "FOCUS MEDIA TECHNOLOGY"), Shanghai Focus
Media Advertisement Co., Ltd. and other relevant parties (hereinafter "CALL
OPTION AGREEMENT") dated March 28 2005. The Participating Shareholders hereby
grant Focus Media Technology with an irrevocable equity Call Option (hereinafter
"CALL Option") in respect to 90% and 10% of the equity share of New Target
Company held by them respectively (hereinafter "NEWLY INCREASE EQUITY SHARE").
Once this Acknowledgement Letter is executed by the Participating Shareholders
and the New Target Company, the New Target Company and the Newly Increase Equity
Share shall be the "Target Company" and "Option Equity" defined under the Call
Option Agreement; and the Participating Shareholders and the New Target Company
immediately make the same representations and warranties in respect to the New
Target Company and relevant equity Call Option under the Call Option Agreement
in respect to the defined Target Company and Call Option (which shall in
relation to the Participating Shareholders and New Target Company, and shall be
limited to those applicable to Participating Shareholders and New Target
Company) and undertake the same obligations therein (which shall in relation to
the Participating Shareholders and New Target Company, and shall be limited to
those applicable to Participating Shareholders and New Target Company).

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                                [EXECUTION PAGE]

SHANGHAI FOCUS MEDIA ADVERTISEMENT CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

SHANGHAI FOCUS MEDIA ADVERTISING AGENCY CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

SHANGHAI TARGET MEDIA CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006

FOCUS MEDIA TECHNOLOGY (SHANGHAI) CO., LTD.
(CHOP)

Sign:  /s/ Jason Nanchun Jiang
      -----------------------------
Name: Jason Nanchun Jiang
Position: Authorized Representative
Date: May 22, 2006