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China Online Ads To Reach RMB 10 Billion

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Online advertising in China is reaching double-digit growth so far in 2007, according to Nielsen’s AdRelevance report.

The value of online display advertising in China reached RMB 2.6 billion in Q3, 2007 an increase of 14 percent over Q2.  Total online advertising value for the year to date is RMB 6.6 billion.

The value of online display ads broken down by quarters was RMB 1.7 billion, RMB 2.3 billion and 2.6 billion. The peak for online advertising in China took place in September with RMB 1 billion recorded, the highest in the past nine months.

"The online advertising market in China is booming and catching up fast with advertising in traditional media. Judging by its current growth rate, we anticipate that the year will finish not only achieving double-digit growth in online advertising, but also reaching the
RMB10 billion mark in value terms," said Sail Ma, Analytic & Research Director, Nielsen Online, Greater China and Southeast Asia.

The cumulative number of advertisers for the year to date was 2,661 with 19,049 campaigns. The categories that contributed the most were Automobile, IT/Electronics, FMCG (CPG) and Finance, which accounted for 60 percent of total ad value in the China online market.

"The market will continue to grow, with estimated ad value increasing close to RMB 3 billion as we enter the last quarter of the year, and contributing to an estimated full year spending of RMB 10 billion," Ma said.

 



China Online Ads To Reach RMB 10 Billion
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