CHINESE CONSUMER GET TO KNOW THE NEW - Inside the mind of the Chinese consumer
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EBOOK REACHING CHINA PART 2 GET TO KNOW THE NEW CHINESE CONSUMER Everything you need to know about the new Chinese consumer, how their behaviors have evolved with the pandemic and how global brands can reach China from anywhere in the world. WEAREMiQ.COM 1
G E T TO K N O W T H E N E W C H I N E S E C O N S U M E R THE BIG K ETYRSETAT NDS K E Y S TAT S IN THIS EBOOK YOU’LL LEARN 1 3 of people in China did more online 42% 55% 1 What motivates the Chinese online shopper, traveler and shopping last year of consumers in China will increase their entertainment viewer than they did in brick Singles Day (11.11) spend this year. and mortar stores, 84% say they’ll continue this trend 4 66% 2 How consumer behavior has evolved, and what you need to into the future. know as China comes out of the pandemic 3 Tips for reaching the new Chinese consumer and turning of Chinese travelers will visit multiple 2 74% destinations on their next vacation, almost consumer insight into action to get the most from your twice as many as the US, who prefer to programmatic investment in China stay in one place. 5 of people are subscribed to at least two streaming services... ...their selection mostly driven by the quality of recommendations for what 50% of people intend to travel this year, but the Chinese traveler likes to book their they should watch next. holidays last-minute, providing marketers time to get in front of their audience before they finalize their trip. 2 3
T HE ET TO G D I GKI TA N OL-WF ITRHS ET C NAEW R BCUHYIENRE S E C O N S U M E R T H E B ICO G TNRTEENNDT S Key stats 3 Introduction 7 1. Chinese shoppers G O TO S E C T I O N How Chinese shoppers compare to the rest of the world 9 2. Online shopping festivals G O TO S E C T I O N Shopping event spending in China will reach 12 How do Chinese consumers like to shop? 14 new heights this year Spending on doubles day in 2020, by 13 age group 3. Chinese travelers G O TO S E C T I O N What matters most for today’s 19 Home or away? Where Chinese travelers 21 Chinese traveler? prefer to go today More is better. Chinese prefer to visit 20 Chinese consumers are last minute bookers 22 multiple destinations on their holidays 4. Chinese entertainment enthusiasts CONTENTS G O TO S E C T I O N Chinese consumers are connected to the 25 Age influences content preferences more 28 most streaming services than anything else What do Chinese consumers look for in a 27 Movie theaters are the first port of call for 29 streaming service? many Chinese consumers 5. Reaching the new Chinese consumer G O TO S E C T I O N Reaching the new Chinese consumer 31 About MiQ 33 4 5
G T HE ET TO D I GKI TA N OL-WF ITRHS ET C NAEW R BCUHYIENRE S E C O N S U M E R TIH NET RBO I GD U T RCETN I ODNS Let’s talk about China, a country home to 1.4 billion people, the world’s largest middle class and consumers who are fast-becoming global trend setters. We now live in a world, where The desire from Chinese up to date information for you it’s almost unthinkable for consumers to shop, travel to better understand the new global brands to set growth and use streaming services Chinese consumer. strategies without China for their entertainment needs featuring front and center. remains unchanged, but the We’ll show you how online nature in which they do shopping trends are However, like much of the has changed. changing, considerations world, China felt the effects for Chinese travelers ahead of the pandemic. China’s GDP More people are online than of their next trip and what’s growth rate contracted in the ever before - one billion. driving entertainment first quarter of 2020, the first And retail sales now occur preferences in China. ever negative figure since more online than they do in economic reform in 1978. brick and mortar stores. A And most importantly, how transition made much sooner you can reach consumers in But China has remained than consumers elsewhere, China through programmatic resilient, consumers at the China in many regards are to act on these trends. heart of the recovery. Retail leaps ahead in their digital sales are already 9% higher in transformation. Let’s jump in. the first half of this year, than they were in 2019. The future That’s what this ebook is all looks bright, yet different... about - giving you the most 6 7
G T HE ET TO D I GKI TA N OL-WF ITRHS ET C NAEW R BCUHYIENRE S E C O N S U M E R C H ITNHEES EB ISGH TORPEPNED RS The pandemic may have during the year of lockdowns. So, what kind of research is started sooner in China, We found 55% of Chinese taking place before shoppers but the country came consumers moved their ‘add to cart’? Most will to a standstill much like shopping online, a much consult at least 16 different everywhere else in the world. faster rate compared to the sources of information on People had no choice but to global average of 40%. brands and their pricing adapt to the new normal, their over the course of three to shopping behaviors changed, Chinese shoppers are five hours per week. It’s well 1 many of which remain spending more online, but considered. These trends are active today. not haphazardly. 42% make likely to continue with 84% sure to do their homework of these lockdown behaviors In our survey earlier this year, prior to check out, whereas remaining long-after we asked consumers about less than 30% of consumers the pandemic. their shopping preferences in the US do this. H O W C H I N E S E S H O P P E R S CO M PA R E TO T H E R E S T O F T H E W O R L D CHINA U N I T E D S TAT E S G LO B A L Source: MiQ Sapio - July Study P E R C E N TAG E O F R E S P O N D E N T S EXPLORED ONLINE SHOPPING 37% 35% 3 9% D I D A L A R G E R P E R C E N TAG E O F O N L I N E S H O P P I N G 55% 36% 3 9% REDUCED NON ESSENTIAL PURCHASES 35% 34% 3 7% Chinese shoppers How Chinese shoppers compare to the rest of the world 9 REDUCED IMPULSE BUYING SHOPPING 3 1% 37% 36% C O M PA R E D S I M I L A R P R O D U C T S B E F O R E M A K I N G A PURCHASE / DID RESEARCH ONLINE BEFORE 42% 29% 3 2% MAKING A PURCHASE E X P L O R E D D I F F E R E N T B R A N D S C O M PA R E D T O W H AT I W O U L D N O R M A L LY B U Y 25% 22% 24 % 8 9
G T HE ET TO D I GKI TA N OL-WF ITRHS ET C NAEW R BCUHYIENRE S E C O N S U M E R O N L I N E S H O PTPHI N E GB IFGE ST TRIEVA N DL S The holiday season; think Last year, Alibaba reported Golden Week, Chinese New $74 billion in sales, 26% up Year and Mid-Autumn Festival compared to 2019. The longer are great opportunities for sale period, and the festival marketers to reach consumers now being recognized by O F C U S TO M E R S G LO B A L LY A R E during peak shopping more e-commerce businesses R E A DY TO S P E N D periods, 28% of consumers provides marketers with MORE THIS in China are ready to spend many opportunities to reach H O L I DAY S E A S O N 2 more during these periods consumers. than they did last year. And it’s important to note But it’s not only the holiday that consumers in China season, online shopping are motivated differently festivals turn heads in China. by shopping events than They have become large- global shoppers. While L A S T Y E A R , A L I B A B A R E P O RT E D $ 74 B I L L I O N I N scale events, marked on Singles Day is much larger in S A L E S , 26% U P C O M PA R E D T O 2 019. the calendar of many scale, comparable shopping Chinese consumers. events such as Black Friday, Cyber Monday and Back Source: MiQ Sapio - July Study None come larger than to School won’t have the Singles Day, also known as same profound impact on Double 11. Started by Taobao, consumers as they do Alibaba in 2009 they’ve in China. moved from a one-day event to large-scale events over 11 days. Online shopping festivals Shopping event spending in China will reach 12 How do Chinese consumers like to shop? 14 new heights this year Spending on doubles day in 2020, by 13 age group 10 11
G T HE ET TO D I GKI TA N OL-WF ITRHS ET C NAEW R BCUHYIENRE S E C O N S U M E R O N L I N E S H O PTPHI N E GB IFGE ST TRIEVA N DL S S H O P P I N G E V E N T S P E N D I N G I N C H I N A W I L L R E AC H N E W H E I G H T S T H I S Y E A R S P E N D I N G O N D O U B L E S DAY I N 2 O20, BY AG E G R O U P % INCREASED % DECREASED S TAY E D T H E S A M E Source: MiQ Sapio - July Study % INCREASED % D EC R E A S E D S TAY E D T H E S A M E Source: MiQ Sapio - July Study P E R C E N TAG E O F CO N S U M E R S P E R C E N TAG E O F CO N S U M E R S 1 8 -24 Y E A R S 3 8% 22% 4 1% GLOBAL 28% 3 4% 37% 2 5 -3 4 Y E A R S 5 1% 2 7% 22% 35-44 YEARS 37% 35% 28 % U N I T E D S TAT E S 20% 35% 45 % 4 5 -5 4 Y E A R S 32% 36% 3 2% 55-64 YEARS 36% 36% 29% CHINA 42% 3 0% 29% 65+ YEARS 20% 40% 4 0% Looking ahead to this year’s equivalent shopping events, year, presenting marketers the items and high-end fashion say that they’ll spend less in Looking beyond Singles Day, Singles Day, our research but to a much lesser extent. most opportunity for growth. apparel, contributing 56% of 2021 than they did in 2020. to broader shopping trends shows 42% of shoppers will total spend in the in China. Our research shows increase their spending this Customers are spending Younger generations, luxury category. Taking age into account a clear preference for fashion, year, with that figure rising more during the holidays and aged, 18-24, will also show when marketing to Chinese home improvement, luxury further for parents with online shopping festivals but considerable growth, with Older generations, those over consumers during the holiday and books. children. Consumers in the it varies by age. Those 25-34 38% likely to spend more than 65, tend to be more careful and shopping festival season US and around the world, will will increase their spend the they did last year. Both these with only 20% looking to will be an important factor in China hasn’t always preferred also increase their spend on most, jumping 51% year over age groups like to buy luxury increase their spending. 40% your planning. online shopping but the 12 13
G E T TO K N O W T H E N E W C H I N E S E C O N S U M E R O N L I N E S H O PTPHI N E GB IFGE ST TRIEVA N DL S pandemic has changed that. investment should follow. Retail sales now happen more With so much research and online, the first of any market consideration taken online in the world to tip the scales in prior to purchase, these favor of online vs. offline. And multiple digital touchpoints it’s something that looks like it provide marketers with a will be sticking around for chance to reach consumers the future. before that final purchase decision. And it’s worth it, O N L I N E R E TA I L S A L E S A R E U P 18.5% Chinese shoppers’ actions online retail sales are up 18.5% Y E A R OV E R Y E A R D U R I N G T H E speak volumes - ‘we prefer to year over year during the first- F I R S T-T H R E E Q UA RT E R S O F 2021. shop online’. So advertising three quarters of 2021. H O W D O C H I N E S E CO N S U M E R S L I K E TO S H O P ? M O S T LY O N L I N E M O S T LY O F F L I N E MIX OF ONLINE + OFFLINE N OT S U R E P E R C E N TAG E O F CO N S U M E R S Source: MiQ Sapio - July Study 1 2% 21% 1 6% 29% 28% 3 0% 27 % 31% 3 0% 32% 25% 2 0% CHINA U N I T E D S TAT E S GLOBAL 14 15
G T HE ET TO D I GKI TA N OL-WF ITRHS ET C NAEW R BCUHYIENRE S E C O N S U M E R TH CHIN E SEEBTI G T REELNED R AV RS There’s an age-old expression in 2019, one-fifth of global But what we found in our in China: it is better to travel tourism expenditure and $120 report is that the love and ten thousand miles than to billion more than international desire for travel in China read ten thousand books. US travelers. A remarkable remains. No matter their Over the past couple of amount when you consider budget or their age, this decades Chinese travelers less than 15% of China’s remains intact. Although, have taken this saying population traveled abroad in what’s important to them quite literally. 2019. They are undoubtedly and their preferences have 3 the most lucrative travel changed. That’s what At the turn of the millennium audience in the world. we’ve discovered. just 4.5 million traveled abroad, in 2019 that figure However, with the onset The biggest rebound from stood at 170 million. Not only of the pandemic, travel the pandemic has been in has the number of outbound preferences quickly turned leisure travel, this category travelers increased, so has domestic. More Chinese showing the strongest their spending. Chinese travelers choose domestic resurgence. Business travel is travelers now lead the way in destinations now than they taking a little longer to return the outbound travel market. did in 2019. A silver lining on a to normal levels, with China subdued outbound behind other countries like Chinese outbound tourists travel market. the US. spent $277 billion overseas Chinese travelers What matters most for today’s 19 Home or away? Where Chinese travelers 21 Chinese traveler? prefer to go today More is better. Chinese prefer to visit 20 Chinese consumers are last minute bookers 22 multiple destinations on their holidays 16 17
G T HE ET TO D I GKI TA N OL-WF ITRHS ET C NAEW R BCUHYIENRE S E C O N S U M E R TH CHIN E SEEBTI G T REELNED R AV RS Although a staggering 70% important considerations prior of people are planning a to travel. domestic holiday in the next month, affluent audiences are So how do travelers decide driving this forward. Chinese where to go, where to OF PEOPLE ARE PLANNING ON travelers are comfortable stay and what to do on A DOMESTIC booking non-refundable trips, holiday? Our research tells H O L I DAY I N T H E determined to get away, but us that word of mouth is the NEXT MONTH. they do take precautions. 59% most important source of are paying attention to travel information. 25% meanwhile advice and safety regulations, turn to online reviews and much more than the global ratings, more than the global audience, with only 40% travel average. citing this as one of their most W H AT M AT T E R S M O S T F O R TO DAY ’ S C H I N E S E T R AV E L E R ? U N I T E D S TAT E S CHINA G LO B A L T R AV E L E R S CO N C E R N S Source: MiQ Sapio - July Study 63% 59% 5 1% 40% 33% 3 2% 23% 22% 25% PRICE AND DISCOUNTS S A F E T Y A N D G OV E R N M E N T AVA I L A B I L I T Y D U R I N G RESTRICTIONS C E R TA I N DAT E S 3 1% 2 1% 22% 25% 16 % 20% 12 % 9% 14% R E F U N DA B L E B O O K I N G S AC C E S S T O S P E C I F I C S E RV I C E S / T R AV E L E R R E V I E W S A M E N I T I E S ( W I F I AVA I L A B I L I T Y, R O O M S E RV I C E , A I R P O RT T R A N S F E R , E TC ) 18 19
G E T TO K N O W T H E N E W C H I N E S E C O N S U M E R TH CHIN E SEEBTI G T REELNED R AV RS M O R E I S B E T T E R . C H I N E S E P R E F E R TO V I S I T M U LT I P L E D E S T I N AT I O N S O N T H E I R H O L I DAY S H O M E O R AWAY ? W H E R E C H I N E S E T R AV E L E R S P R E F E R TO G O TO DAY U N I T E D S TAT E S CHINA G LO B A L DOMESTIC B OT H I N T E R N AT I O N A L P E R C E N TAG E O F CO N S U M E R S Source: MiQ Sapio - July Study P E R C E N TAG E O F CO N S U M E R S Source: MiQ Sapio - July Study DOMESTIC B OT H I N T E R N AT I O N A L 59% 20% 0% S TAY AT A S I N G L E P L AC E 32% 65+ YEARS 80 % 52% 23% 5% 55-64 YEARS 73% 3 4% 14 % 3% T R AV E L I N G B E T W E E N 4 5 -5 4 Y E A R S 81% M U LT I P L E L O C AT I O N S 66% 43 % 20% 6% 35-44 YEARS 73% 7% 5% 2 5 -3 4 Y E A R S 70% 23% UNDECIDED 3% 9% 5% 1 8 -24 Y E A R S 63% 25% It’s notable that two-thirds of Chinese travelers, who like safety still high on the agenda, It’s expected that outbound sense domestic travel has of people agree. This will Chinese travelers visit multiple to stop-off at many places most prefer to stay in hotels, tourism will take more spiked. For now, marketers however change imminently, destinations on a single trip. and are comfortable with it provides a better sense of time to recover in China, a should point their efforts in and marketers will need to Global travelers tend to visit traveling between locations. security and health measures preference that reflects the this direction. At this time, prepare well ahead of this, as one place on their holiday, They enjoy exploring local as compared to Airbnb. current travel restrictions on 24% of global consumers are 20% of consumers said they’ll this is far from true for the food and culture. And with international movement. So ready for international trips, be actively seeking to travel with few alternatives, it makes although in China only 5% abroad again in 2022. 20 21
G E T TO K N O W T H E N E W C H I N E S E C O N S U M E R TH CHIN E SEEBTI G T REELNED R AV RS C H I N E S E CO N S U M E R S A R E L A S T M I N U T E B O O K E R S Y E S , I H AV E P L A N N E D B U T N OT B O O K E D Y E S , I H AV E P L A N N E D A N D B O O K E D N O, I H AV E N OT Y E T P L A N N E D O R B O O K E D P E R C E N TAG E O F CO N S U M E R S Source: MiQ Sapio - July Study The big question for global brands looking to reach 3 6% Chinese consumers is how GLOBAL 38% they reach them before 2 6% itineraries are set in stone. 23% U N I T E D S TAT E S 42 % 35% 50% CHINA 35% 1 6% The biggest question we’re Our report shows us that half common in China than other often asked from marketers of travelers who intend to places, for instance, less than is when should I be reaching travel in the next six months a quarter of people in the US the Chinese traveler? How are yet to book their trip, follow the same behaviors as long before travel decisions leaving plenty of room Chinese travelers. are set in stone, and how for marketers to influence much time is spent planning Chinese travelers ahead of and researching before their their booking decision. Last- trips are booked? minute booking is much more 22 23
G E T TO K N O W T H E N E W C H I N E S E C O N S U M E R TH C H I N E S E E N T E RTA I N M E N T EE N B TI G HUTR S IEANSDT S The Chinese love of people in China are More than two-thirds of entertainment. Whether accessing two or more online subscribers have already it comes from TV, movies, streaming services, spending made the decision to renew their mobile devices or on average $15 a month their plans in the coming year. other mediums, we know on subscriptions, a figure Online streaming is not that their screens are always much higher than the global going anywhere. on, always glowing. 74% average. 4 C H I N E S E CO N S U M E R S A R E CO N N E C T E D TO T H E M O S T S T R E A M I N G S E RV I C E S U N I T E D S TAT E S CHINA G LO B A L N U M B E R O F S T R E A M I N G S E RV I C E S Source: MiQ Sapio - July Study ONE TWO THREE MORE THAN THREE NONE 16 % 2 1% 17 % 2 0% 26 % 13 % 34% 20% 2 1% 13 % Chinese entertainment enthusiasts Chinese consumers are connected to the 25 Age influences content preferences more 28 most streaming services than anything else What do Chinese consumers look for in a 27 Movie theaters are the first port of call for 29 streaming service? many Chinese consumers 2 1% 27% 17 % 14 % 21% 24 25
G E T TO K N O W T H E N E W C H I N E S E C O N S U M E R C H I N E S E E N T E RTA ITNHME EBNI G T JTURNE K NID ES Choice is a big deal with consumers in China rely on a study looking at the future W H AT D O C H I N E S E CO N S U M E R S LO O K F O R I N A S T R E A M I N G S E RV I C E ? Chinese consumers. 49% of recommendation systems of international consumers U N I T E D S TAT E S CHINA G LO B A L Source: MiQ Sapio - July Study Chinese consumers prefer to help them pick their and found that 35% of subscriptions that give them next show compared to Chinese audiences weren’t P E R C E N TAG E O F CO N S U M E R S flexibility to choose their only 19% in the US. They’re comfortable with sharing their UNITED STATES CHINA GLO BAL content and pricing plans, happy being guided by television viewing data. This compared to less than 35% of their previous watches and has turned on its head, thanks consumers globally. Choice algorithms to inform what to to digital acceleration Chinese FLEXIBLE PRICING OPTIONS also means making decisions watch next. entertainment viewers (I.E THE ABILITY TO PAY ON A 44% 47% 4 5% MONTHLY OR YEARLY BASIS) and Chinese audiences like are actively looking for a helping hand to find their Although this wasn’t always recommendations to shape next go-to show. 39% of the case. In 2019, we released their next move. AVAILABILITY OF SPECIFIC CONTENT THAT MAY BE EXCLUSIVE TO SPECIFIC 42% 42% 4 1% STREAMING SERVICES ORIGINAL CONTENT 32% 36% 3 7% CUSTOMIZABLE CONTENT (I.E THE AB ILITY TO CHOOSE AND ONLY PAY FOR THE CHAN 32% 49% 34% NELS / CONTENT YOU WANT TO WATCH) RECOMMENDATION SYSTEMS (CONTENT SUGGESTIONS BASED ON 19 % 39% 24% YOUR PREFERENCES) SEASONAL CONTENT (SPOR TS E VENTS) 13 % 25% 16 % OTHER 7% 0% 4% 26 27
G E T TO K N O W T H E N E W C H I N E S E C O N S U M E R C H I N E S E E N T E RTA ITNHME EBNI G T JTURNE K NID ES As with many of the online the ability to chop and streaming services. This is in China show light at the to 60% among Chinese has increased and is here to shopping and traveler change their plans based on good news for marketers. end of the tunnel. Chinese consumers. They are choosing stay, but consumers in China trends we’ve discovered, their custom content needs consumers are prepared to to dine-out afterwards. 52% are looking to a future of age plays its part in China’s are their preferences. The pandemic has certainly step away from their screens meanwhile are ready to visit entertainment happening entertainment viewing habits. motivated many to turn to at home, and go to the adventure or water parks and outside their homes. Older generations are less There are certainly more online entertaining viewing, movies, watch sporting 40% want to support their motivated by flexible pricing younger generations using since there weren’t many events or travel to music team at sporting events. when choosing their online online streaming services. But other alternatives. But that’s concerts, all now providing streaming services, more we see the older generations not the only way people in viable alternatives. Only 8% of people we devoted to the availability of that are driving the growth China now look to get their surveyed in China don’t plan accessing content that meets curve, they’re the ones entertainment fix. Just 44% of people globally to go out in the coming their specific needs. It’s the switching to OTT mediums are ready to settle in and months for their entertainment opposite for the younger of entertainment and The easing of lockdown watch a movie in the theaters needs. There’s no doubt generations. Flexible pricing, getting connected to online measures and restrictions again, but that number rises that online entertainment AG E I N F LU E N C E S CO N T E N T P R E F E R E N C E S M O R E T H A N A N Y T H I N G E L S E M OV I E T H E AT E R S A R E T H E F I R S T P O RT O F C A L L F O R M A N Y C H I N E S E CO N S U M E R S 1 8 -24 Y E A R S 25 -34 Y E A R S 35 - 4 4 Y E A R S 4 5 -5 4 Y E A R S 55 -6 4 Y E A R S 6 5+ Y E A R S U N I T E D S TAT E S CHINA G LO B A L Source: MiQ Sapio - July Study P E R C E N TAG E O F CO N S U M E R S Source: MiQ Sapio - July Study P E R C E N TAG E O F CO N S U M E R S U N I T E D S TAT E S CHINA G LO B A L C U S TO M I Z A B L E C O N T E N T 34% 57% 5 4% 46% 27% 2 0% M OV I E T H E AT E R S 40% 6 1% 44% A DV E N T U R E PA R K S / FLEXIBLE PRICING 29% 52% 3 2% OPTIONS 34% 53 % 49 % 44% 45 % 40% WAT E R PA R K S E N T E RT I A N M E N T V E N U E S MUSIC CONCERTS 2 8% 29% 25% CO N T E N T P R E F E R E N C E AVA I L A B I L I T Y O F SPECIFIC CONTENT 31% 43% 44% 46% 48 % 80 % SPORTING EVENTS ( S TA D I U M S O R L I V E 22% 40% 24% S T R E A M I N G AT S P O RT S B A R S ) R E C O M M E N DAT I O N S YS T E M S 39 % 37% 42 % 35% 46% 60% C U LT U R A L PA R A D E S / C O N V E N T I O N S (CO M I C - CO N S , E 3 G A M I N G 16 % 20% 17% CO N V E N T I O N , E TC ) ORIGINAL CONTENT 44% 32% 35% 38% 32% 2 0% GAMING ARCADES 13 % 3 8% 17% I DON’T PLAN TO SEASONAL CONTENT 19% 2 6% 24% 25% 3 4% 2 0% VISIT OFFLINE 33% 8% 26 % E N T E R TA I N M E N T V E N U E S 28 29
G E T TO K N O W T H E N E W C H I N E S E C O N S U M E R R E AC H I N G T H E N E W C H I NTEHSEE BCO I G NTSRUE M NDE RS Reaching the new Chinese consumer Reaching the new Chinese marketing effectiveness consumers presents in China. global brands with an unprecedented growth Whether you’re looking opportunity, and marketers to scale in China with 5 are increasingly turning to programmatic for the first programmatic to reach them. time, action the insights from our report or seeking With 1.4 billion people, the a fresh approach in the world’s largest middle class market, here are some of our and consumers who are top programmatic tips for fast-becoming global trend reaching the new setters, programmatic brings Chinese consumer. precision at scale essential for It’s clear that Chinese consumers are diverse and different from those around the 1 world. Choose a partner that can help you curate audiences to meet your exact AU D I E N C E TA R G E T I N G I S targeting needs. One that sources audience data from China’s most popular apps, A L L- I M P O RTA N T and has that data integrated with China’s leading DSPs to fuel your programmatic targeting. With consumer trends rapidly changing, it’s important for you to target the right audience. Chinese consumers are now online, more than ever before. In 2020, 76% of total ad spend in China was digital, more than any other market in the world. And B E D I G I TA L , B E digital is synonymous with mobile. At MiQ, mobile in-app ad formats, across Reaching the new Chinese consumer MOBILE FIRST display, video and native represent more than 90% of the vast daily bidding opportunities we see through our Chinese platforms. To reach your audience it’s important to do so on their terms, on their online devices of choice. Reaching the new Chinese consumer 31 About MiQ 33 Technology giants Google, Amazon, Facebook that we’ve become accustomed to using to reach our target audiences in the West aren’t prominent in China, instead 3 replaced with local players, engineered to meet China’s exact specifications. For LO C A L W O R K S B E T T E R unfiltered access to the best inventory, data, ad verification and measurement T H A N G LO B A L solutions in China, and by default the new Chinese consumer, ensure you have local partnerships at the heart of your programmatic activation. This way you’ll be close to the ground even if you’re far away. 30 31
G E T TO K N O W T H E N E W C H I N E S E C O N S U M E R R E AC H I N G T H E N E W C H I NTEHSEE BCO I G NTSRUE M NDE RS Success measurement in China is different from the West, with 27% of global M E A S U R E Q UA L I T Y, N OT marketers citing measurement inconsistency as their top concern in China. Look O N LY Q UA N T I T Y to partners that go-beyond, to translate your business goals into authentic programmatic results and insights to better inform future strategy. 61% of global marketers who make decisions about their programmatic 5 investment in China identify a lack of local market knowledge as a major WORK WITH A TRUSTED roadblock. 52%, meanwhile, are worried about their reputation if they get it PA RT N E R wrong. China is different but it doesn’t have to be that different. Working with a partner that understands China’s programmatic ecosystem and your marketing objectives in equal measure is important, and that’s the partner we aspire to be. ABOUT MiQ We know reaching consumers in China can be hard. We’re MiQ, a programmatic media partner for marketers and agencies. We connect data from multiple sources to And we know programmatic success in China doesn’t come do interesting, exciting, business-problem-solving things overnight, it’s a journey. We’ve spent more than three years for our clients. We’re experts in data science, analytics and in the market and are still learning its intricacies. But we’re programmatic trading, and we’re always ready to react and solve challenges quickly, to make sure you’re always spending passionate for what the future holds, to help marketers your media investments on the right things in the right places. turn China’s huge growth opportunity into huge Please visit us wearemiq.com programmatic addressability. Discover how we can help you connect with one of the largest markets in the world from anywhere in the world. Get in touch. 32 33
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