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China remains the world’s second largest media and entertainment market

According to a recent survey, China’s media and entertainment market will reach $435 US dollars by 2023, which is 70% up from the digital revenue generated in 2018. After the US market, China remains the second to witness such rapid growth in digital media.

In the next five years, the internet advertising industry in China is supposed to grow by 14% to $ 109 billion US dollars. Also, due to the heavy investments in 5G network, the streaming and virtual reality market will also witness a surge of 20.5% and 35.9% respectively.

Even in terms of e-Sports streaming, China will overtake South-Korea and will remain the fastest growing market with an annual growth of 7.3%.

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