Beijing’s Olympic Games will open on Friday August 8, 2008, at 8pm local time. In the marketing and media sectors there is ferocious activity as companies race to prepare. But as Universal McCann discuss in a recent paper, in many respects this race would be happening even without the Olympics as China’s marketing infrastructure is in a big hurry to meet the demands of a wealthier, more educated, media and brand savvy consumer base. Its just that the Olympics is focusing every-ones minds, raising the ante ten-fold.
This will be the Technology Games. 3G telephony, WIFI and IPTV in and outside China will open new viewership and opportunities to leap frog what we have experienced in the past. Companies are jealousy protecting their plans to avoid ambush and how much international and Chinese companies will spend in national media remains to be seen. Manpreet Singh, CEO at Universal McCann, reckons media expenditure will grow more than 24% this year, television spend by 50%, with CCTV, the national broadcaster and right holder, the big winner. Online media spends will double to about US$2million, accompanied by a huge explosion in user generated content where China clearly leads the world. Television viewing in China will increase 20%-40%, but the Olympics will be bad news for program platforms such as soaps, serials and drama with audiences set to fall 5%-13%.
Online audiences will grow. Sina.com, the largest Chinese language infotainment web portal, reported that during the FIFA World Cup 3.4 million comments and reports were generated. China leads the world in sheer numbers of blogs, with 42 million compared to the US at 27 million.
UM have also recently published a very interesting comparative study of social media trends such as blogs are a main stream media world wide and a collective rival to traditional media - China has the largest blogging community in the world, with the 42 million bloggers mentioned earlier, 73% have read a blog, 45% have started a blog.
And in Wired this month, one of their top ten business trends is ‘China: the next Global Innovator’, on a sharp spur to innovation. US Venture Capitalists committed 1.4 billion to Chinese companies alone last year, ‘made in China’ fastly changing to ‘invented in China’.
So lots more going on than just the Olympics, as predicted.
And I am off to re-visit Philip Dodd…..