【影视综艺娱乐-研报】瑞信-亚太地区-互联网服务业-中国在线娱乐行业：投资于不同的趋势-2020.9.23-31页.pdfVIP

23 September 2020 Equity Research Asia Pacific | China China Online Entertainment Sector Invest into diverging trends Consumer Internet | Industry Primer Figure 1: Monthly time-spent trend for major video platforms Research Analysts 2,000 Monthly TTS/MAU (mins) Traffic surge during COVID is prominent: YoY% 180% Kenneth Fong 852 2101 6395 1,800 160% kenneth.kc.fong@ 1,600 140% 1,400 Ivy Liu 120% 852 2101 7103 1,200 100% ivy.liu@ 1,000 80% 800 60% 600 40% 400 200