Tencent and Sina Weibo poised to benefit as advertisers maneuver to reach consumers through social media
Total advertising spending in mainland China’s social networks is predicted to hit a record US$5.33 billion this year, driven by campaigns run on the platforms of internet giant Tencent Holdings and Weibo Corp's microblogging service.
“Tencent and Sina Weibo are the two leaders in China’s social network advertising space on account of their strong user base, engagement and large mobile presence,” eMarketer forecasting analyst Shelleen Shum said.