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

China's internet firms log robust profit growth in Q1

Xinhua | Updated: 2023-04-30 07:23
Share
Share - WeChat
This aerial photo taken on Feb 8, 2023 shows a view of Fullsing Internet Industrial Park in Haikou, south China's Hainan Province. [Photo/Xinhua]

BEIJING -- China's large internet companies and related services companies saw their profits expand robustly in the first quarter of the year, data from the Ministry of Industry and Information Technology showed.

Profits of these companies surged 55.2 percent year-on-year to 28.28 billion yuan ($4.08 billion) during the period, MIIT data showed.

The combined business revenue of these companies stood at 302 billion yuan, up 1.6 percent year-on-year.

Large internet companies and related services companies are those with an annual business revenue of at least 20 million yuan.

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