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China's software sector logs rapid growth in January-July

Xinhua | Updated: 2023-09-04 11:20


BEIJING - China's software and information technology service industry maintained double-digit growth in revenue and profits in the first seven months of the year, official data showed.

Profits of the sector reached 737.4 billion yuan ($102.72 billion) during the period, up 13.4 percent from the same period last year, according to the Ministry of Industry and Information Technology.

The combined revenue of this sector came in at 6.46 trillion yuan in the period, surging 13.6 percent year-on-year.

Specifically, the revenue of cloud computing and big data services soared 16.2 percent year-on-year to 640.9 billion yuan, and that of e-commerce platforms' information and technology services went up 7.7 percent year-on-year to 570.7 billion yuan in the same period.

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