|‘Surge in online advertising spending in China’|
|Wednesday, 13 June 2012 22:01|
China currently has more than 500 million Internet users, with more than 300 million accessing the Internet with their mobile phones.
Government data showed that the number of mobile phone users hit a record high of 1,03 billion at the end of April.
The report also predicted rapid spending growth in the entertainment and media industries during the next five years.
It said total spending in these industries will hit US$192.5 billion by 2016.
The report said China became the world’s third-largest entertainment and media market in terms of spending in 2011, with investment that year hitting US$109 billion. — Xinhua.