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Ministry of Industry and Information Technology: from January to July, the profits of China's large-scale Internet and related service enterprises reached 79.93 billion yuan, an increase of 29.1% over the same period last year.

2025-02-25 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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

Thanks to CTOnews.com netizens for the delivery of clues about the past. CTOnews.com August 31 news, the official website of the Ministry of Industry and Information Technology has now announced the "Operation of the Internet and related Services in January 2023".

According to the statistics of the national App technology testing platform, by the end of July, 2.61 million active App models (including Android and Apple stores) had been detected in China's domestic market. The number of mobile app developers is 830000, including 250000 Android developers and 580000 Apple developers. In July, Android App Store downloaded 27.2 billion apps on the shelf.

Data show that from January to July, China's Internet and related service enterprises completed Internet business revenue of 766.6 billion yuan, an increase of 2.8 percent over the same period last year. From January to July, China's Internet enterprises above scale invested 37.53 billion yuan in research and development, down 5.4 percent from the same period last year.

CTOnews.com Note: the caliber of Internet and related service enterprises above scale has been adjusted from more than 5 million yuan last year to 20 million yuan or more. All the year-on-year growth rates in the article are calculated according to comparable standards.

From January to July, the operating costs of large-scale Internet enterprises in China increased by 7.5% compared with the same period last year, an increase of 0.1 percentage points over the first half of the year. The total profit realized was 79.93 billion yuan, an increase of 29.1% over the same period last year, and the growth rate rebounded by 1.5 percentage points over the first half of the year.

The Ministry of Industry and Information Technology pointed out that in January and July this year, the Internet business revenue of enterprises mainly providing online sales services (including commodities, agricultural and sideline products, integrated e-commerce, medical supplies, express delivery, etc.) increased by 42.4% compared with the same period last year.

In the same period, the Internet business revenue of enterprises dominated by information services (including news and information, search, social networking, games, music videos, etc.) decreased by 2.6% compared with the same period last year. Internet business revenue of platform enterprises that provide life services (including local life, car rental, travel, financial services, cars, housing, etc.) increased by 11.6% compared with the same period last year.

It is worth mentioning that data from the Ministry of Industry and Information Technology show that the growth rate of Internet business in nearly half of China has achieved positive growth. In July, Beijing (up 0.3 per cent), Shanghai (up 14.8 per cent), Zhejiang (up 3 per cent), Guangdong (down 6.5 per cent) and Tianjin (up 23 per cent), which ranked among the top five in cumulative Internet business revenue, totaled 672 billion yuan, up 4.9 per cent from a year earlier and accounting for 87.7 per cent of the country (excluding cross-regional enterprises). There are 14 provinces (autonomous regions and municipalities) with positive growth in Internet business across the country.

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