Global EditionASIA 中文双语Français
Business
Home / Business / Industries

China's internet industry sees shrinking investment, financing

Xinhua | Updated: 2022-02-04 14:44
Share
Share - WeChat

BEIJING -- Investment and financing in China's internet industry stayed at a low level in the fourth quarter of last year, said a report released by the China Academy of Information and Communications Technology (CAICT).

The disclosed value of investment and financing stood at $9.74 billion in the fourth quarter of 2021, rising 6.4 percent quarter on quarter but decreasing by 49.2 percent from a year ago, data from the report showed.

On a global scale, the disclosed value of investment and financing in the internet industry surged 81.6 percent year on year to 120.8 billion dollars during the period, said CAICT, a research institute under the Ministry of Industry and Information Technology.

Top
BACK TO THE TOP
English
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
FOLLOW US
CLOSE