WPP China Revenue Drops 12.2% as Holding Companies Struggle Amid Ad Shift to E-Commerce
Western agency holding companies face mounting challenges in China, with WPP’s local revenue falling 12.2% in Q1 2026 despite overall ad market growth. A shift to platform-based and KOL-driven advertising, coupled with corruption risks like the recent WPP bribery sentencing, underscores the difficulty of capturing ad spend in the world’s second-largest market.
Source: Digiday · digiday.com