Shulou(Shulou.com)11/24 Report--

CTOnews.com March 3 news, China Information and Communications Institute released a report today that in the fourth quarter of 2022, with the domestic epidemic becoming more stable, policy stabilizing and China's economy steadily recovering to restore market confidence, corporate performance showed signs of industry recovery, and the market capitalization of listed Internet companies rebounded sharply.

By the end of December 2022, the total market capitalization of China's listed Internet companies was 10.3 trillion yuan, up 17.0% from the previous quarter, according to data from the China Institute of Information and Communication.

CTOnews.com found from the report of China Information and Communication Institute that the Internet companies with market capitalization TOP10 in China are Tencent Holdings, Alibaba, Meituan, pinduoduo, JD.com, NetEase, Baidu, Kuaishou, Oriental Fortune and JD.com Health.

▲ source: in terms of revenue of China Information Communications Institute, the report said that in the third quarter of 2022, due to the weakening of the impact of the epidemic, rapid recovery of consumption and other macro factors, as well as the steady recovery of traditional business growth of Internet enterprises, innovation business achieved positive results, and revenue growth of Internet enterprises rebounded steadily. The total revenue of China's listed Internet companies reached 1.004 trillion yuan in the third quarter of 2022, an increase of 6.8 percent over the same period last year and a decrease of 11.9 percent over the same period last year.

TOP10-listed Internet companies accounted for 82.3% of revenue in the third quarter of 2022, down 2.7% from the second quarter of 2022, and the revenue growth rate was 9%, which was higher than the total revenue growth rate of listed Internet companies, according to CICT. Among them, Meituan, JD.com and Alibaba benefited from the mature and stable supply chain capacity of real-time retail services, the coverage of platform commodity categories, and the steady growth of commodity trading volume, promoting the steady growth of enterprise revenue.

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