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Marketing · Monday, 20 July 2026 · Issue 51 · 2 stories

W3C’s privacy-safe ad tool lands as China scandal guts holding firms

Paid & Advertising

Holding Companies Bleed in China as Bribery Scandal Slashes Ad Revenues

The recent sentencing of a former WPP Media exec in a bribery case and Meta’s aborted Manus acquisition signal that Western ad holdco’s access to China’s $9bn market is collapsing. Revenue for WPP fell 12% in Q1 and overall Chinese ad spend is shifting to e‑commerce, KOLs and platforms, leaving only a few groups like Publicis still growing.

digiday.com ↗7 min read at source

You’re caught up.

That was all 2 stories in the 20 July issue.