Opinion: The cost of ignoring China's digital ad dragons
Posted in: Uncategorized
Let’s get straight to golden tacks. In 2018, total revenue from internet advertising stood at $54.9 billion, with an annual growth rate of 24.2 percent. Sounds American-sized, right? But these are China’s numbers (at 369.4 billion yuan, converted to dollars as of March 2019).
They come from a report on the Chinese internet marketplace, recently released, if little noticed on this side of the globe, by the Interactive Advertising Marketing Lab, based in Zhongguancun, the Silicon Valley area of Beijing. The US digital industry reached this level of revenue in 2015, with a slightly slower growth rate, according to the IAB’s Internet Advertising Revenue Report. From this measure, China is just about three years behind. But time lag in size isn’t the only way to measure what these companies might mean for the U.S. digital ad industry.
The report identified the top 10 earners, which includes some names that certainly are familiar to Western digital players, and some that are less so. They include:
Post a Comment