Briefly

Telecom sector Jan-Oct revenue up

China's telecommunication industry January-October revenue grew nearly 7 percent year-on-year to 1.42 trillion yuan ($199 billion), buoyed by emerging businesses, according to data from the Ministry of Industry and Information Technology. Emerging sectors such as cloud computing, big data, the internet of things and internet data centers saw their revenues rise 20.5 percent year-on-year to 301.2 billion yuan. Broadband internet services generated 219 billion yuan worth of revenue for China's three telecom giants — China Mobile, China Telecom, and China Unicom — in the first 10 months, up 9.3 percent over the previous year.

Software profit rises in first 10 months

The January-October profit of China's software and information technology services grew nearly 14 percent year-on-year to 1.14 trillion yuan ($160 billion) on a revenue of 9.82 trillion yuan, up nearly 14 percent as well, data from the Ministry of Industry and Information Technology showed. Revenue from software products increased by more than 11 percent year-on-year to 2.32 trillion yuan while that from industrial software products expanded to 223.1 billion yuan, up more than 12 percent. Cloud computing and big data services revenue jumped 14.8 percent year-on-year, and e-commerce platform technical services revenue rose 9 percent, the data showed.

Xinhua - China Daily