xi's moments
Home | Technology

China's major internet firms post robust revenue, profit growth

Xinhua | Updated: 2021-06-03 14:18

Visitors check their phones behind the screen advertising facial recognition software during Global Mobile Internet Conference at the National Convention in Beijing, on April 27, 2018. [Photo/Agencies]

BEIJING - China's major internet companies reported double-digit growth in business revenues and profits in the first four months of the year, official data shows.

The business revenues of major internet companies totaled 467.6 billion yuan ($73.28 billion) in the January-April period, up 27.8 percent year-on-year, according to the Ministry of Industry and Information Technology (MIIT).

The companies raked in 44.51 billion yuan in operating profits, climbing 27 percent from the same period a year earlier.

Spending on research and development in major internet companies maintained rapid growth during the period, up 19.3 percent year-on-year. The growth rate was 14 percentage points higher than the 2020 level.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349