China's software industry expands in first 2 months

BEIJING -- China's software and information technology service industry got off to a good start this year, with double-digit growth reported in revenue and profits in January and February, data from the Ministry of Industry and Information Technology shows.

Profits in the sector expanded 11.5 percent year-on-year to 206.4 billion yuan ($29.09 billion) during the period, while revenue grew by 11.9 percent from the year before to nearly 1.71 trillion yuan, the data shows.

Revenue from software products increased 8.4 percent year-on-year to 394.4 billion yuan during this period, while revenue from industrial software products expanded to 40.7 billion yuan, marking a year-on-year increase of 8.2 percent.

Cloud computing and big data services revenue jumped 13.8 percent year-on-year, and e-commerce platform technical services revenue rose 3.8 percent, the data shows.