China's online advertising market expands fast
China's Internet advertising market expanded to the size of 371.7 billion yuan (about US$55.48 billion) last year, up 25.7 percent year on year, according to the latest statistical report on Internet development.
Internet advertising via mobile devices commanded a market share of 70 percent, which is expected to grow higher in the future, said the report, released by China Internet Network Information Center.
In-feed ads, which will be shown naturally when a user scrolls through the feed, for instance, among a list of news articles or listings, has become a new growth area for the advertising industry, marked by increasing popularity and continuous growth in market share.
Revenues of advertising on short video platforms registered a notable rise in 2018, with the value of such platforms, in terms of advertising, further recognized, according to the report.