Internet giants see healthy revenue growth
By Fan Feifei | China Daily | Updated: 2018-07-06 09:16
China's big internet firms saw steady business revenue growth in the first five months of this year, with the stable market expansion of online gaming and video and music streaming apps.
Industry insiders said China's internet and related sectors maintained rapid development in recent years, and will witness double-digit growth in the next three to five years.
Chinese firms in the internet and related sectors whose business revenue exceeded 3 million yuan ($452,200) last year earned 332.5 billion yuan from January to May, up 23.9 percent year-on-year, according to data from the Ministry of Industry and Information Technology.
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