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China Daily / 2020-02 / 14 / Page013

Internet TV sector buoyant as online demand surges

By FAN FEIFEI | CHINA DAILY | Updated: 2020-02-14 00:00

China's internet television industry is likely to witness robust growth as radio and television companies are beefing up cooperation with local educational authorities and online education companies to offer students livestreaming courses, following the postponement of school semesters due to the novel coronavirus outbreak.

According to industry data, the market scale of the over-the-top or OTT business, which refers to the delivery of audio, video and other media over the internet, will surge from 10 billion yuan ($1.4 billion) in 2018 to 100 billion yuan by 2025.

With the commercial use of 5G technology, the ultra-high-definition video streaming segment will open new growth frontiers in related devices and content production, and further bolster the development of radio and broadcast companies, experts said.

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