China online video market reached RMB 6.81 billion (US$1.1 billion) in Q1 2015, a decrease of 7.5% QoQ and an increase of 74.7% YoY.
In 2014, total transaction value of China online video market was RMB23.97 billion(US$3.88 billion) with an increase of 76.4% from the same period of last year.
Advertising is still the main revenue source of China online video market growth, accounting for 58.2% of China online video market revenues in Q1 2015.
Mobile video ads in China reached 1.07 billion yuan representing 27.2% of total online video ad revenue in Q1 2015, down 10.1% QoQ.
Also read: 70% China Online video Users Watch Over One Hour in 2015