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The Ministry of Industry and Information Technology announced today that the major Chinese Internet companies had recorded a steady growth of their revenues and investments during the first half of the year. # 39; year.
Businesses generated $ 78.4 billion in the first half, up 17.9% from one year to the next.
The ministry said the pace of growth was 0.6 percentage points higher than in the first quarter.
Investments in research and development in this sector rose sharply, rising by 29.4% year-on-year to reach 23 billion yuan over the same period.
Information services revenues, which account for 68.5% of Internet business revenues as the largest shareholder, grew by 23% to 370.3 billion yuan over the period.
In Guangdong, Shanghai and Beijing, Internet revenues increased by 11.7%, 25.6% and 19.1%, respectively, on an annualized basis in the first half.
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