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Cosmetics firms help give ad spending a healthy glow in first half

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Bien Perez

Advertising spending in Hong Kong climbed to a new high in the first half of this year, driven by major campaigns in the cosmetics, pharmaceuticals, entertainment and consumer electronics markets.

Media-monitoring firm admanGo estimated that the city's total advertising expenditure from January to June rose 13 per cent to HK$18.78 billion, up from HK$16.56 billion a year earlier, on the back of promotions that largely targeted mainland shoppers.

About 90 per cent of all advertising in the first six months of this year went to campaigns on television, in newspapers, magazines and outdoor media.

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But Jennifer Ma, the director of sales and marketing at admanGo, said paid newspaper advertising was 'the only media segment to suffer a year-on-year decline in advertising income' - due primarily to a decrease in spending by the banking and investment services industry.

The advertising market share held by paid newspapers fell to 18.72 per cent, down from 21.58 per cent in the first half of last year.

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The share held by free newspapers, meanwhile, grew to 11.23 per cent, from 9.47 per cent.

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