Core Insights - The Chinese internet advertising market is expanding steadily, with revenue growth of 12.4% in 2023, reaching 1,131.7 billion yuan [1][19][22] - E-commerce and short video platforms are the most favored media types by advertisers, contributing significantly to market revenue [1][22][19] - Technological innovation and evolving consumer demands are driving the market, with AIGC technology expected to further penetrate digital marketing in 2024 [1][25][19] - The rise of micro-short dramas is creating new content marketing opportunities, enhancing brand engagement [1][28][19] - The importance of contextual marketing is increasing, as brands shift from merely meeting consumer needs to stimulating demand [1][30][19] Internet Marketing Landscape - The internet advertising market in China is projected to continue its growth trajectory, supported by macroeconomic recovery and technological advancements [19][22] - In 2023, e-commerce platforms held a market share of 36.3%, while short video platforms accounted for 26.5% [22][19] - AIGC technology is transforming digital marketing, enabling rapid generation of advertising materials and enhancing personalized marketing efforts [25][19] Consumer Behavior Trends - Consumers are becoming more discerning, actively seeking information and evaluating products based on quality and price [40][43][55] - Emotional resonance is becoming a key factor in brand loyalty, with consumers increasingly valuing emotional experiences over mere functionality [37][56][57] - The rise of AI applications in marketing is facilitating smarter consumer interactions, with a significant percentage of consumers engaging with AI-driven marketing tools [49][55] Economic Context - The overall economic environment in China is stabilizing, with GDP growth projected at 5.0% for 2024 [3][5] - Consumer spending is expected to be cautious, with nearly half of consumers planning to reduce their budgets in 2025 [34][35] - Policies aimed at stimulating consumption are being implemented, particularly in emerging sectors like culture, tourism, and sports [2][7]

Core Insights - The advertising revenue in various media is projected to exceed 1 trillion yuan for the first time in 2024, reaching 1,031.07 billion yuan, representing an 18.2% increase from the previous year [1] - Internet advertising revenue is expected to reach 891.91 billion yuan in 2024, growing by 24.0% and accounting for 86.5% of total advertising revenue [1] - The digital advertising market is expanding, driven by technological innovation, evolving consumer demands, and media evolution, with a focus on AIGC (AI-Generated Content) and new content formats like micro-short dramas [1][3] Industry Trends - The internet has transformed from a traditional tool to a digital infrastructure supporting societal operations, with applications like online food delivery and payment rapidly growing [2] - Digital advertising is identified as a core industry within the digital economy, facilitating the integration of digital and physical economies [2] - The network advertising market in China reached 1,131.7 billion yuan in 2023, marking a 12.4% increase from 2022, with expectations for further growth driven by economic recovery and AI advancements [3] Market Dynamics - E-commerce and short video platforms dominate the network advertising market, holding 36.3% and 26.5% market shares respectively, as advertisers favor platforms that closely align with transaction activities [3] - The trend of "self-satisfying consumption" is emerging, where consumers make informed decisions based on extensive information and peer reviews, shifting the focus of marketing strategies towards emotional resonance [4] - AI models are enhancing human-computer interactions, making digital marketing more personalized and tailored to consumer preferences, thereby increasing purchase intent and customer satisfaction [4]