China hits 1 billion online video users in 2020 but growth begins to slow even as companies find new ways to make money

Source: Tech – South China Morning PostThe number of active users of online video in China surpassed 1 billion in 2020 but user growth slowed to 2 per cent as the sector begins to plateau after years of breakneck expansion, according to a new industry report.However, the market value of online video reached 241 billion yuan (US$37.2 billion) in 2020, an increase of 44 per cent on the previous year, according to the China Internet Development Report published by the Internet Society of China on Tuesday.Analysts say this is because…Read More

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