ICT World News

China’s big internet firms see robust 2019 revenue growth

Firms in China’s internet and other related services sectors, on Wednesday reported strong revenue expansion in 2019 as new technologies and applications play increasingly bigger roles in reshaping the country’s economy.

Data from Ministry of Industry and Information Technology (MIIT), showed each firms with annual revenue of over 5 million yuan (or about 724,400 U.S. dollars) in 2018.

The firms, however, raked in a total of about 1.21 trillion yuan in 2018, up 21.4 per cent year-on-year.

MIIT data also showed that industry’s operating profits rose by 16.9 per cent year-on-year, 13.1 percentage points faster than 2018. Spending on research and development outpaced that of revenue, rising 23.1 per cent year-on-year.

 

Related posts

6 people arrested in France over ‘loose’ plan to attack Macron

Editor

Oil rises thanks to stronger equities, Libyan supply outage

Editor

Kenya’s inflation drops to 3.83%

By Shile GIWA

U.S. slaps anti-subsidy duties on fabricated structural steel from China, Mexico

By Abisola THOMPSON 

Germany bans Khashoggi suspects from Europe

Editor

100-year old woman raped by 20-year-old man in India

Editor

Leave a Comment

Social Media Auto Publish Powered By : XYZScripts.com