Video platforms now attract almost one-fifth (18.2%) of Chinese online advertising revenue, overtaking search to be the second-largest category. This is according to data from Zhongguancun Interactive Marketing Laboratory, PwC, Miaozhen Marketing Science Academy and Beijing Normal University.
Online video's advertising revenue rose by 64.9% between 2019 and 2020, with this driven by short-form video ads on platforms like Kuaishou. Short-form video doubled its advertising revenue (+106%), while longer video ads rose by 25%.
E-commerce platforms were the only other category to grow their share of online advertising revenue in 2020, rising to reach nearly two-fifths (37.0%).
Additional data show...