Chinese adults have 260 fewer minutes a week to consume media compared to Americans because they work so hard
STR New/Reuters
Analysts estimated that the average Chinese adult has 460 minutes of time to allocate to media activities, such as watching television, compared to 720 minutes for the average American.
This is because more of them work in areas such as manufacturing, mining and construction "where multi-tasking (i.e. surfing social media at work) is harder."
But despite having less time for leisure, Chinese adults still spend the same amount of time on their phone as their American counterparts, according to Bernstein, helping to buoy up internet media companies:
"This incredible feat has so far helped mask the fundamental paucity of user minutes in China, but we are finally reaching a stage where the boundary of time is set to assert itself. Traditional media has been crushed. Television, if it yields, will most likely donate its minutes to specific formats, such as video, which are adjacent to it. For much else, Chinese Internet users are time-constrained."
Here is the chart:
Bernstein
And here is why it matters to Chinese internet companies. It takes a lot of engaged minutes per user to make money, especially in video media:
Bernstein
- Luxury “floating” beach unveiled in France, termed an “ecological aberration”
- Scientists think they’ve spotted 60 potential alien power plants in the Milky Way!
- Bread, butter, milk-based health drinks, cooking oils classified as ultra-processed food, ICMR advises restriction
- Debt, equity holders approve merger of IDFC with IDFC First Bank
- Sunrisers Hyderabad to take on Punjab Kings as they look to grab the second spot in IPL points table
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market