China's internet advertising market expanded to the size of 371.7 billion yuan (about 55.48 billion U.S. dollars) last year, up 25.7 percent year on year, according to the latest statistical report on internet development.
中国互联网发展最新统计报告显示,2018年互联网广告市场扩大到3717亿元(约554.8亿美元),年同比增长25.7%。
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.