IDC noticed in its latest report IDC Opinion: Research on China’s New Feed Ads Market, 2019 China’s internet advertisement valued at $56.47 billion in 2013 and is expected to increase to $99 billion by 2023 with a CAGR of 11.9% in the five years. New feed ads’ market share of the internet ads will grow rapidly from 29.3% in 2018 to 39.3% in 2023, with a CAGR of 18.6% in the five years in betwee, 6.7 percentage point higher than the whole industry.
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