In the first half of the year, Internet and related service enterprises above the size of China completed Internet business revenue of 106.75 billion yuan, an increase of 10.1% over the previous year, and the growth rate fell 0.3 percentage points from January to May. Total profit growth accelerated. In the first half of the year, Internet enterprises above the size of China achieved a total profit of 98.99 billion yuan, an increase of 16.6% over the previous year. The growth rate was 6.9 percentage points higher than in January-May. Investment in R&D has been growing steadily. In the first half of the year, Internet enterprises above the size of China invested a total of 59.55 billion yuan in R&D, an increase of 14.1% over the previous year, and the growth rate fell 1.2 percentage points from January to May. In the first half of the year, Internet business revenue in the eastern region, central region, western region, and northeast region increased by 11.5%, -13.8%, 3.5%, and -28.6%, respectively. Internet business revenue in the eastern region accounts for 90.5% of the country. Internet business revenue in the Beijing-Tianjin-Hebei region increased 14% year on year, and Internet business revenue in the Yangtze River Delta region increased 8.3% year on year. The two regions accounted for 33.6% and 30.7% of the country's Internet business revenue, respectively. In the first half of the year, 16 provinces achieved positive growth in Internet business revenue. Beijing, Guangdong, Shanghai, Zhejiang, and Guizhou ranked among the top 5 in the country. Note: The caliber of Internet and related service companies above scale is the Internet and related service revenue of 20 million yuan or more in the previous year. All year-on-year growth rates in the article are calculated on a comparable scale.

Zhitongcaijing · 2d ago
In the first half of the year, Internet and related service enterprises above the size of China completed Internet business revenue of 106.75 billion yuan, an increase of 10.1% over the previous year, and the growth rate fell 0.3 percentage points from January to May. Total profit growth accelerated. In the first half of the year, Internet enterprises above the size of China achieved a total profit of 98.99 billion yuan, an increase of 16.6% over the previous year. The growth rate was 6.9 percentage points higher than in January-May. Investment in R&D has been growing steadily. In the first half of the year, Internet enterprises above the size of China invested a total of 59.55 billion yuan in R&D, an increase of 14.1% over the previous year, and the growth rate fell 1.2 percentage points from January to May. In the first half of the year, Internet business revenue in the eastern region, central region, western region, and northeast region increased by 11.5%, -13.8%, 3.5%, and -28.6%, respectively. Internet business revenue in the eastern region accounts for 90.5% of the country. Internet business revenue in the Beijing-Tianjin-Hebei region increased 14% year on year, and Internet business revenue in the Yangtze River Delta region increased 8.3% year on year. The two regions accounted for 33.6% and 30.7% of the country's Internet business revenue, respectively. In the first half of the year, 16 provinces achieved positive growth in Internet business revenue. Beijing, Guangdong, Shanghai, Zhejiang, and Guizhou ranked among the top 5 in the country. Note: The caliber of Internet and related service companies above scale is the Internet and related service revenue of 20 million yuan or more in the previous year. All year-on-year growth rates in the article are calculated on a comparable scale.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.