New White Paper Provides Comprehensive Market Research for the Video Advertising Industry in China, the World’s Second Largest Advertising Market
REDWOOD CITY, Calif.: YuMe, Inc., (NYSE: YUME), the global audience technology company powered by data-driven insights and multi-screen expertise, today announced the launch of its new white paper, 2015 China Connected TV Market Development Blue Book, in partnership with Nielsen CCData and UPOTV. YuMe, a global connected television (CTV) pioneer, officially launched operations in China in June, 2015 with offices in Beijing and Shanghai and partnerships that span across its suite of advertising solutions, including CTV, online and mobile advertising, as well as third-party measurement and verification services.
The Chinese CTV media and advertising industries are seeing rapid growth, with the video audience in China estimated at 439 million people.
“It only took three years after OTT debuted in China to reach significant market spending,” said Octopus Zhang, CEO, Nielsen CCData. “With China being the second largest advertising market in the world, Nielsen CCData strongly understood the need for the global market to have comprehensive insights into critical market research. Through our partnership with YuMe and UPOTV, we were able to produce this new white paper to help guide the global advertising industry on the state of the Chinese digital video marketplace.”
“Knowing that China is such a significant player in the global advertising market, we partnered with Nielsen CCData and UPOTV to produce specific insights that uncover key levers in the Chinese digital video marketplace,” said Michael Hudes, Executive Vice President of Emerging Markets at YuMe.
The white paper assesses the development environment, industry value chain, operations and business models and analyses the CTV media and platform ecosystem.
Key Research Findings:
- The Chinese digital advertising market is growing steadily. In 2015, 60 million TVs were sold in China, with 80% being smart TVs, an almost 100% growth rate over 2014.
- CTV provides an improved user experience that has led to the increase of audience scale and stickiness. More content, along with interactive capabilities, have helped living room TV viewing behaviour become an integral part of the lifestyle of families in China.
- Audiences are using CTV at a higher rate than traditional TV, with an average of 5 times more daily usage across CTV devices. In 2015, data shows Power Up Screen ad formats also became popular, with about 43% of CTV devices turning on more than 7 times per day.
- CTV is leading young viewers back to the television screen. Instead of simply targeting CTV screens, Nielsen CCData announced a new algorithm model of targeting reach beyond screens to individual family members.
About Nielsen CCData
Nielsen-CCData is a professional media research company owned by Nielsen. It focuses on the research field of media and audience under the digital environment. Based on digital media measurement technology, Nielsen-CCdata, adopting the world’s leading research and analysis methods, is dedicated to supplying all the omni-media industrial chains with authoritative and high quality solutions and services. The company’s business covers the study of multi-screen viewing behaviour, advertising monitoring and media value evaluation etc.
About YuMe
YuMe, Inc. (NYSE: YUME) is a leading provider of global audience technologies, curating relationships between brand advertisers and consumers of premium video content across a growing range of connected devices. Combining data-driven technologies with deep insight into audience behaviour, YuMe offers brand advertisers end-to-end marketing software that establishes greater brand resonance with engaged consumers. It is the evolution of brand advertising for an ever-expanding video ecosystem. YuMe is headquartered in Redwood City, California, United States with European headquarters in London and offices in Beijing and Shanghai, totalling 17 offices worldwide. For more information, visit YuMe.com/pr, follow @YuMeVideo and like YuMe on Facebook.
Forward Looking Statement
This press release contains forward-looking statements, including those in management quotations. In some cases, you can identify forward-looking statements by the words “may,” “will,” “expect,” “intend,” “plan,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “continue” and “ongoing,” or the negative of these terms, or other comparable terminology intended to identify statements about the future. All statements other than statements of historical fact are statements that could be forward-looking statements, including, but not limited to, statements about our research covered under the white paper including associated connected television trends, product offerings, strategic partnerships and the benefits derived therefrom; growth strategies; operating results; market trends; and quotations from management. These forward-looking statements are subject to risks and uncertainties, assumptions and other factors that could cause actual results and the timing of events to differ materially from future results that are expressed or implied in the forward-looking statements. Factors that could cause or contribute to such differences include YuMe’s history of net losses and limited operating history, which make it difficult to evaluate prospects, YuMe’s fluctuating quarterly results of operations, and dependence on a limited number of customers in a highly competitive industry. These and other risk factors are discussed under “Risk Factors” in YuMe’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2015 that has been filed with the U.S. Securities and Exchange Commission (the “SEC”), and in our future filings and reports with the SEC. The forward-looking statements in this press release are based on information available to YuMe as of the date hereof, and we assume no obligation to update any forward-looking statements.
